Central Development (HKG:0475) expects an attributable loss of between HK$17.3 million and HK$19 million for the year ended March 31, down from HK$31.1 million a year prior, a Friday Hong Kong bourse filing said.

The solar energy products maker attributed the narrower anticipated loss mainly to a fair value gain of its derivative financial instruments derived from a convertible bond compared with a fair value loss in the prior-year period.