Brief: Shougang Concord Grand Group says results for FY expected to decline significantly

Capital Industrial Financial Services

16/03/2017 11:48

March 16 (Reuters) - Shougang Concord Grand Group Ltd 
 0730.HK  
    * Results for financial year ended 31 dec 2016 is expected 
to decline significantly  
    * Loss attributable for fy ended 31 dec 2016 will increase 
to approximately hk$82 million from approximately hk$55 million 
last year 
    * Expected result due to an impairment loss of about hk$43 
million on its interests in an associate for fy ended 31 
december 2016 
 
Source text for Eikon:  ID:nHKS1hTPj1  
Further company coverage:  0730.HK  
 
 (bangalore.newsroom@thomsonreuters.com)