Brief: Arts Optical International Sees Substantial FY Loss

Arts Optical International Holdings

15/01/2021 09:54

Jan 15 (Reuters) - Arts Optical International Holdings Ltd
 1120.HK :
    * ARTS OPTICAL INTERNATIONAL HOLDINGS LTD -  EXPECTED TO
RECORD A
SUBSTANTIAL LOSS FOR YEAR
    * ARTS OPTICAL INTERNATIONAL - LOSS FROM OPERATIONS FOR YEAR
EXPECTED TO MAINTAIN AT A SIMILAR LEVEL AS LAST YEAR
    * ARTS OPTICAL INTERNATIONAL - FY LOSS ATTRIBUTABLE EXPECTED
TO
INCREASE NOT LESS THAN 220%
    * ARTS OPTICAL INTERNATIONAL - EXPECTED INCREASE IN LOSS DUE
TO
DEFERRAL OF ORDERS FROM CUSTOMERS IN EUROPE, UNITED STATES AND
ASIA
    * ARTS OPTICAL INTERNATIONAL HOLDINGS LTD -  EXPECTED TO
RECOGNISE
SUBSTANTIAL NON-OPERATIONAL IMPAIRMENT LOSS OF ABOUT HK$300
MILLION FOR PROPERTY FOR FY

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS83RCNb
Further company coverage:  1120.HK 

 ((Reuters.Briefs@thomsonreuters.com;))