Brief: Hong Leong Asia Ltd expects to report a loss for financial year

Hong Leong Asia

16/02/2016 09:22

Feb 16 (Reuters) - Hong Leong Asia Ltd  HLAA.SI : 
 
 * Expects to report a loss for the financial year ended 31 December 2015 
 * Group expected the performance from its China business units would continue to be weak in the fourth quarter of 2015 
 * Expected loss is attributed mainly to the continuing losses incurred by Xinfei with its revenue for FY 2015 
 * Profits generated by other profitable business units for FY 2015 would not be sufficient to offset losses 
 * Source text for Eikon  urn:newsml:reuters.com:*:nSN3rCHdS 
 
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