Easyknit International (HKG:1218) expects a minimum net loss of HK$700 million for the six months ended Sept. 30, wider than HK$185.6 million logged for the same period last year, a Friday Hong Kong bourse filing said.
The property company attributed the expected increase in net loss to a loss on deemed disposal of a subsidiary, write-down on for-sale and for-development properties, share of an associate's results, and net loss on changes in fair value of financial assets at fair value through profit or loss.
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