Cherish Sunshine International Warns of Swing to Full-Year Loss

MT Newswires Live
08/07

Cherish Sunshine International (HKG:1094) expects a net loss of between HK$120 million and HK$130 million for the year ended March 31, compared with a net profit of HK$800,000 a year prior, a Thursday Hong Kong bourse filing said.

The bulk goods trading company attributed the forecast to a record of impairment losses for intangible assets, as well as higher impairment loss for trade and other receivables and contract assets and fair value loss on investment properties.

Trading in the firm's shares, which was suspended July 2, remains halted.

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