Brief: Feishang Anthracite Resources Says Loss For FY Expected To Increase

Feishang Anthracite Resources

25/01/2021 14:37

Jan 25 (Reuters) - Feishang Anthracite Resources Ltd
 1738.HK :
    * EXPECT DECREASE IN GROSS PROFIT OF AROUND CNY20.0 MILLION
FOR
YEAR
    * SEES  DECREASE IN GROSS PROFIT OF AROUND CNY20.0 MILLION
FOR
YEAR ENDED 31 DEC
    * EXPECT INCREASE IN FINANCIAL COSTS OF NOT LESS THAN
CNY60.0
MILLION FOR YEAR
    * EXPECTED RESULT DUE TO TEMPORARY DECLINE IN QUANTITY,
QUALITY
AND SELLING PRICE OF GROUP'S COAL PRODUCTS
    * EXPECT IMPAIRMENT OF MINING RIGHTS AND MINING ASSETS OF
NOT LESS
THAN CNY230.0 MILLION FOR YEAR
    * EXPECTED DECREASE IN GROSS PROFIT DUE TO GEOLOGICAL
COMPLEXITIES
OF CURRENT MINING FACES ENCOUNTERED BY GROUP
    * LOSS FOR FINANCIAL YEAR EXPECTED TO INCREASE

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