Crownicorp (00727.HK) expects a comprehensive loss between 120 million yuan and 140 million yuan for the fiscal year ended March 31 of this year, while a comprehensive loss of approximately 1.07 billion yuan was incurred in the previous fiscal year. The main reason for the comprehensive loss for this fiscal year was due to the sale of subsidiary losses, which was about 100 million yuan, while it was zero for the previous year. Financial costs were about 47 million yuan, while it was 94 million yuan for the previous year. The main reason for the comprehensive loss in the previous year can be attributed to the losses on the sale of investment properties, impairment losses on developing properties, and impairment losses on properties, factories, and equipment, which were approximately 750 million yuan, 290 million yuan, and 110 million yuan, respectively.
皇冠環球集團(00727.HK)料年度虧損收窄至最多1.4億元
Crownicorp (00727.HK) is expected to narrow its annual losses to no more than 140 million yuan.
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