zhongzheng intl (00943.HK) issued a profit warning, expecting a loss between 0.68 billion and 0.72 billion yuan for the fiscal year ending in June, compared to a profit of 69 million yuan in the same period last year. The expected loss is mainly due to significant decrease in gross profit; impairment losses on investments in associates; impairment losses on receivables from associates; impairment losses on developmental properties held for sale; increase in financing costs; and share of losses of associates.
《盈警》中證國際(00943.HK)估計全年轉虧最少6.8億元
In the profit warning, zhongzheng intl (00943.HK) is expected to incur a loss of at least 0.68 billion yuan for the whole year.
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