Brief: G-Resources Group Sees Net Loss Of USD88 Mln For Year
03/03/2023 13:30
March 3 (Reuters) - G-Resources Group Ltd 1051.HK :
* ANTICIPATED THAT GROUP WILL RECORD A NET LOSS OF USD88
MILLION
FOR YEAR
* SEES DECREASE IN REVENUE BY ABOUT USD36 MILLION FOR YEAR
* EXPECTED LOSS DUE TO FAIR VALUE LOSSES OF FINANCIAL ASSETS
AND
INVESTMENTS IN PERPETUAL NOTES
* DECREASE IN REVENUE DUE TO DECREASE IN COMMISSION INCOME
AND
HANDLING CHARGES FROM FINANCIAL SERVICES & INTEREST INCOME FROM
MARGIN FINANCING
Source text for Eikon: ID:nHKS6bxRnZ
Further company coverage: 1051.HK
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