Dingyi Group Investment (HKG:0508) expects a net loss of HK$485.3 million for the six months ended Sept. 30, compared with a net profit of HK$27.3 million a year prior, a Thursday Hong Kong bourse filing said.
The loan financing and financial leasing company attributed the forecast to a fall in gross profit margin, a provision for impairment loss on loans and interest receivables, a loss on the derecognition of financial liability, and a write-down of properties under development and for sale.
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