PKU Resources (00618.HK) issued a profit warning that for the fiscal year ending in March, the expected loss would range between 700 million and 850 million RMB compared to the surplus of 1.019 billion RMB in the previous year. The expected loss is mainly due to the decrease in gross profit caused by the reduction of delivered area of property development projects, the loss generated by the government department's unconditional repossession of the group's land, the expected guaranteed liability and reserve for lawsuits, the impairment of property held for sale, and the impairment provision for financial assets.
《盈警》北大資源(00618.HK)估計全年轉蝕最少7億人民幣
PKU Resources (00618.HK) is expected to have a loss of at least 700 million yuan for the whole year according to the earnings warning.
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