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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.