China Health Expects Full-Year Loss to Widen; Shares Rise 7%

MT Newswires Live
06/30

China Health Group (HKG:0673) expects to post a full-year net loss attributable to the shareholders of between HK$66 million and HK$70 million for the year ended March 31, widening from about HK$40.2 million loss a year earlier, according to a late-Friday Hong Kong bourse filing.

Shares of the company were up 7% in Monday afternoon trade.

The expected loss reflects a $4 million litigation provision tied to a promissory note judgment, a HK$15 million drop in other income, and a HK$4.4 million decline in gross profit, the filing said.

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