Brief: China Energy Development Sees Loss For Year Decrease Over 70% From PCP

China Energy Development Holdings

12/03/2021 13:22

March 12 (Reuters) - China Energy Development Holdings Ltd
 0228.HK :
    * EXPECTED DROP IN LOSS DUE TO NON-RECURRENCE IN FY20 OF
IMPAIRMENT & WRITE-OFF OF PROPERTY 
    * SEES LOSS FOR YEAR DECREASE OVER 70% FROM PCP
    * SEES REVENUE FOR YEAR RECORD A MODEST INCREASE OF ABOUT
10%
    * EXPECTED REVENUE DUE TO INCREASED SALES OF GROUP'S
EXPLORATION,
PRODUCTION AND DISTRIBUTION OF NATURAL GAS SEGMENT
    * EXPECTED DECREASE IN LOSS DUE TO NON-RECURRENCE IN FY20 OF
IMPAIRMENT AND WRITE-OFF OF ASSETS

Source text for Eikon:  ID:nHKSC7kzS 
Further company coverage:  0228.HK 

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