April 21, 2017 / 12:54 PM / 4 months ago

BRIEF-Coolpad expects HY operating loss to increase

April 21 (Reuters) - Coolpad Group Ltd

* Company expects that operating loss for first half of 2017 will increase to ranging from HK$600 million to HK$800 million

* Expected that sales for first half of 2017 will decline by over 50 pct as compared to same period of last year

* Continues to invest in research and development and marketing activities, resulting in no improvement in costs and expenditures in first half of 2017

* Expected results mainly because co hasn't launched its new products in pipeline of this year, which led to a decline in its sales Source text (bit.ly/2pM0q1Q) Further company coverage:

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