Brief: Huscoke Holdings Posts FY Loss Attributable HK$336.6 Mln

Huscoke Holdings

31/03/2021 15:10

March 31 (Reuters) - Huscoke Holdings Ltd  0704.HK :
    * FY REVENUE HK$1.18 BILLION VERSUS HK$1.61 BILLION
    * LOSS FOR YEAR ATTRIBUTABLE HK$336.6 MILLION VERSUS PROFIT
HK$9.8
MILLION
    * GRG HUSCOKE'S 4.3-METER COKING FURNACE HAS BEEN LISTED IN
SHUT-DOWN LIST OF GOVERNMENT AUTHORITY
    * WILL CONTINUE TO EXPEDITE ITS INVESTMENT & ACQUISITION
PLAN FOR
5-MILLION-TON COKE PRODUCTION PROJECT WITH ENERGY TECHNOLOGY IN
2021
    * HUSCOKE SEES DURING COMPLETE SHUTDOWN OF FURNACES OF GRG
HUSCOKE, COKE PRODUCTION BUSINESS, COAL-RELATED ANCILLARY
BUSINESS MAY BE TEMPORARILY HALTED
    * WILL NEGOTIATE WITH ENERGY TECHNOLOGY ON DETAILS OF MERGER
AND
ACQUISITION PROPOSAL

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS8R6Vpr
Further company coverage:  0704.HK 

 (Reuters.Briefs@thomsonreuters.com)