Brief: Kong Sun Sees Net Loss In Range Of RMB200 Million To RMB300 Million For Year

Kong Sun Holdings

23/03/2023 13:44

March 23 (Reuters) - Kong Sun Holdings Ltd  0295.HK :
    * SEES NET LOSS IN RANGE OF APPROXIMATELY RMB200 MILLION TO
RMB300
MILLION FOR YEAR
    * SEES  DECREASE IN FINANCE COSTS OF RMB310 MILLION FOR YEAR
    * SEES DECREASE IN ADMINISTRATIVE EXPENSES OF APPROXIMATELY
RMB100
MILLION FOR YEAR
    * SEES DECREASE IN FY IMPAIRMENT LOSS ON  DISPOSAL GROUP
CLASSIFIED AS HELD FOR SALE OF  RMB80 MILLION
    * SEES  DECREASE IN LOSS ON DISPOSAL OF UNITS IN NET OF
RMB480
MILLION FOR YEAR
    * SEES DECREASE IN GROSS PROFIT OF RMB300 MLN FOR YEAR

Source text for Eikon:  ID:nHKS3mHtnt 
Further company coverage:  0295.HK 

 ((Reuters.Briefs@thomsonreuters.com;))