Brief: Metropolis Capital Expects To Record Loss After Tax Of About RMB17.0 Mln For Year

Metropolis Capital Holdings

17/03/2020 08:55

March 17 (Reuters) - Metropolis Capital Holdings Ltd
 8621.HK :
    * EXPECTED TO RECORD A LOSS AFTER TAX OF APPROXIMATELY
RMB17.0
MILLION FOR YEAR
    * EXPECTED TO RECORD A DECREASE OF APPROXIMATELY 20% IN
REVENUE
FOR YEAR
    * COVID-19 MEASURES WOULD HAVE ADVERSE IMPACT ON QUALITY OF
GROUP'S VEHICLE LEASING ASSETS IN FIRST 6 MONTHS OF 2020
    * EXPECTED DECREASE IN PROFIT DUE TO ESTIMATED INCREASE IN
LOSS
ALLOWANCE ON FINANCE LEASE RECEIVABLES
    * POSSIBLE RISE OF OVERDUE PAYMENT MAY HAVE AN ADVERSE
EFFECT ON
FINANCIAL RESULTS FOR YEAR OF 2020
    * EXPECTS RISE OF OVERDUE PAYMENT TO HAVE ADVERSE EFFECT ON
RESULTS OF GROUP FOR 2020, NOT BRINGING LONG-TERM  FINANCIAL
IMPACT

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS6pVj4r
Further company coverage:  8621.HK 

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