Brief: Elife Holdings Group Sees Loss For Year
21/06/2019 14:00
June 21 (Reuters) - Elife Holdings Ltd 0223.HK :
* GROUP SHALL RECORD LOSS FOR YEAR OF AN AMOUNT COMPARABLE
TO THAT
OF PREVIOUS YEAR
* GROUP SHALL RECORD A SIGNIFICANT DECREASE IN REVENUE OF
APPROXIMATELY HK$63 MILLION FOR YEAR ENDED 31 MARCH 2019
* EXPECTED DECREASE IN REVENUE DUE TO UNFAVOURABLE MARKET
CONDITIONS AND LONGER RECEIVABLE AGING
* EXPECTED LOSS FOR YEAR MAINLY DUE TO PROVISION OF
IMPAIRMENT ON
OTHER RECEIVABLES
Source text for Eikon: ID:nHKS41WPhy
Further company coverage: 0223.HK
((Reuters.Briefs@thomsonreuters.com;))
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