Rich Goldman (00070.HK) issued a profit warning, expecting a loss of 49 million yuan for the fiscal year ending in June this year, compared to a profit of 7 million yuan in the same period last year.

The company stated that although the revenue for this fiscal year increased by 28 million to 0.127 billion yuan, the widening loss was due to an increase of 23 million yuan in the provision and write-off of accounts receivables and interest receivables, as well as an increase of approximately 22 million yuan in fair value loss on investment properties. (vc/u)

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