Brief: Grand Ocean Advanced Resources Says Expects Decrease In HY Revenue & Net Loss Attributable
30/07/2020 11:37
July 30 (Reuters) - Grand Ocean Advanced Resources Co Ltd
0065.HK :
* SEES DECREASE IN REVENUE AND NET LOSS ATTRIBUTABLE FOR HY
* EXPECTED RESULT DUE TO SIGNIFICANT DECREASE IN COAL
PRODUCTION
OUTPUT DUE TO ADVERSE IMPACTS OF COVID-19 PANDEMIC
* SEES OVERALL ANNUAL COAL PRODUCTION CAPACITY OF INNER
MONGOLIA
COAL MINE 958DECREASE MODERATELY
* CONDUCTING IMPAIRMENT ASSESSMENT OF PROPERTY, PLANT AND
EQUIPMENT AND OTHER INTANGIBLE ASSETS AS AT 30 JUNE
* SEES HY IMPAIRMENT LOSS AGAINST PROPERTY, PLANT AND
EQUIPMENT
AND OTHER INTANGIBLE ASSETS
Source text https://bit.ly/2P5fmmO
Further company coverage: 0065.HK
((Reuters.Briefs@thomsonreuters.com;))
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