Brief: Chiho Environmental Group Says Expects HY Loss Attributable Of HK$270 Mln To HK$290 Mln
03/08/2020 13:33
Aug 3 (Reuters) - Chiho Environmental Group Ltd 0976.HK :
* SEES LOSS ATTRIBUTABLE OF HK$270 MILLION TO HK$290 MILLION
FOR
HY
* EXPECTED RESULT DUE TO DROP IN GROSS PROFIT MARGIN DUE TO
COVID-19 IMPACT ON SUPPLIERS, CUSTOMERS, COMMODITY PRICES
* ANTICIPATED LOSS ALSO INCLUDED IMPAIRMENT CHARGES OF ABOUT
HK$56
MILLION FOR CERTAIN MACHINERIES AND EQUIPMENT IN GREATER CHINA
Source text for Eikon: urn:newsml:reuters.com:*:nHKS7gG5vx
Further company coverage: 0976.HK
((Reuters.Briefs@thomsonreuters.com;))
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