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BRIEF-Shougang Concord Grand Group says results for FY expected to decline significantly
March 16, 2017 / 11:56 AM / in 9 months

BRIEF-Shougang Concord Grand Group says results for FY expected to decline significantly

March 16 (Reuters) - Shougang Concord Grand Group Ltd

* Results for financial year ended 31 dec 2016 is expected to decline significantly

* Loss attributable for fy ended 31 dec 2016 will increase to approximately hk$82 million from approximately hk$55 million last year

* Expected result due to an impairment loss of about hk$43 million on its interests in an associate for fy ended 31 december 2016 Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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