Brief: Da Sen Holdings Group Ltd Sees Gross Loss Not Less Than Rmb28.1 Mln For Year

Da Sen Holdings

17/03/2020 12:42

March 17 (Reuters) - Da Sen Holdings Group Ltd  1580.HK :
    * DA SEN HOLDINGS GROUP LTD SEES GROSS LOSS AND NET LOSS OF
NOT
LESS THAN RMB28.1 MILLION AND RMB59.8 MILLION RESPECTIVELY FOR
YEAR
    * EXPECTED RESULT DUE TO SIGNIFICANT INCREASE IN PURCHASE
COSTS OF
POPLAR PLYWOOD CORES AND WOOD RESIDUE
    * EXPECTED RESULT DUE TO LOSS ON WRITE-DOWN OF GROUP'S
INVENTORIES
OF PLYWOOD PRODUCTS


Further company coverage:  1580.HK 

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