Hong Kong Economic Times to Swing to Full-Year Loss

MT Newswires Live
May 16

Hong Kong Economic Times (HKG:0423) expects an attributable loss of about HK$36 million for the year ended March 31, compared with an attributable profit of HK$54 million a year prior, a Friday Hong Kong bourse filing said.

The publisher attributed the anticipated swing to loss mainly to the absence of a one-time gain on the disposal of a property, impairment losses on investment properties, and lower revenue.

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