February 28, 2018 / 10:03 AM / 6 months ago

BRIEF-Avic International Holding (Hk) Ltd Sees Decrease Of About 50 Pct In FY Loss Before Tax

Feb 28 (Reuters) - Avic International Holding (Hk) Ltd :

* SEES REVENUE FROM PROPERTY DEVELOPMENT & INVESTMENT BUSINESS FOR FY 2017 OF ABOUT HK$1.5 BILLION

* GROUP IS EXPECTED TO RECORD GROSS LOSS OF ABOUT HK$200 MILLION FOR FY 2017

* GROUP SEES DECREASE OF ABOUT 50% IN LOSS BEFORE TAX FOR YEAR ENDED 31 DECEMBER 2017

* EXPECTED ‍IMPROVEMENT IN LOSS POSITION DUE TO DECREASE IN LOSSES OF CERTAIN INVESTMENTS HELD BY GROUP​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below