Brief: Avic International Holding (Hk) Ltd Sees Decrease Of About 50 Pct In FY Loss Before Tax

Continental Aerospace Technologies Holding

28/02/2018 08:32

Feb 28 (Reuters) - Avic International Holding (Hk) Ltd 
 0232.HK : 
    * SEES REVENUE FROM PROPERTY DEVELOPMENT & INVESTMENT 
BUSINESS FOR 
FY 2017 OF ABOUT HK$1.5 BILLION 
    * GROUP IS EXPECTED TO RECORD GROSS LOSS OF ABOUT HK$200 
MILLION 
FOR FY 2017 
    * GROUP SEES DECREASE OF ABOUT 50% IN LOSS BEFORE TAX FOR 
YEAR 
ENDED 31 DECEMBER 2017 
    * EXPECTED IMPROVEMENT IN LOSS POSITION DUE TO DECREASE IN 
LOSSES 
OF CERTAIN INVESTMENTS HELD BY GROUP 
 
Source text for Eikon:  ID:nHKS4RNGwW  
Further company coverage:  0232.HK  
 
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