International Entertainment (HKG:1009) expects a pre-tax loss of at least HK$260 million for the year ended June 30, up from HK$162.2 million a year prior, a Sept. 19 Hong Kong bourse filing said.
Shares of the casino and gaming company were down 1% in Monday afternoon trading.
The firm attributed the forecast to higher general, administrative, selling, and marketing expenses, a one-off write off of property, plant, and equipment, and a rise in interest expenses on bank borrowings.
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