Brief: China Ever Grand Financial Leasing Group Sees Significant Rise In FY Loss

China Ever Grand Financial Leasing

05/03/2019 09:41

March 5 (Reuters) - China Ever Grand Financial Leasing Group
Co Ltd  0379.HK :
    * CHINA EVER GRAND FINANCIAL LEASING GROUP SEES SIGNIFICANT
INCREASE IN LOSS OF APPROXIMATELY HK$300 MILLION TO HK$450
MILLION FOR FINANCIAL YEAR
    * INCREASE IN FY LOSS DUE TO LOSS ON DISPOSAL OF PARTIAL
INTEREST
IN A JV, AMONG OTHERS
    * LIKELY FY LOSS ALSO DUE TO NON-CASH IMPAIRMENT LOSS ON
GOODWILL
ON ACQUISITION OF FINANCE LEASE BUSINESS
    * IMPAIRMENT ON FINANCE LEASE BUSINESS DUE TO
LOWER-THAN-EXPECTED
PERFORMANCE AS A RESULT OF SINO-U.S. TRADE WAR

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS2yVQbV
Further company coverage:  0379.HK 

 (Reuters.Briefs@thomsonreuters.com)