Lai Fung Warns of 50% Wider Full-Year Loss

MT Newswires Live

10/14

Lai Fung (HKG:1125) expects to widen its loss for the year ended July 31 by at least 50% from HK$267.7 million a year prior, a Tuesday Hong Kong bourse filing said.

The property developer attributed the forecast to a reduction in property sales and a swing to fair value losses on investment properties.

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