Hua Yin International Forecasts Over 90% Narrower Fiscal H1 Loss

MT Newswires Live

11/21

Hua Yin International (HKG:0989) expects an attributable loss of between 30 million yuan and 36 million yuan for the six months ended Sept. 30, down at least 90% from 601.1 million yuan a year prior, a Friday Hong Kong bourse filing said.

The real estate firm attributed the forecast to the absence of a provision for diminution in the value of a project under development in Fusong County as was seen in the year-ago period, as well as cost-saving measures.

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