International Entertainment to Log Wider Loss in Fiscal H1

MT Newswires Live

02/24

International Entertainment (HKG:1009) forecasts its loss will widen to HK$90 million in the six months through Dec. 31, 2024, from HK$36.1 million in the year-ago period, according to a Friday filing with the Hong Kong Stock Exchange.

The wider loss in fiscal H1 is attributable to higher staff costs with depreciation and amortization costs arising from the development of a casino in Manila, Philippines, as well as higher interest expenses related to the development, the filing said.

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