Crown International Warns of Swing to Fiscal-Year Profit
MT Newswires Live
Jun 18
Crown International (HKG:0727) expects an attributable loss of at least HK$70 million for the year ended March 31, compared with attributable profit of HK$16 million a year prior, according to a Thursday Hong Kong bourse filing.
The property developer attributed the forecast to a rise in impairment losses on property, plant and equipment; properties under development for sale; and trade and other receivables. Another factor was the higher depreciation on property, plant, and equipment in the period.
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.