Brief: Guangdong Tannery Says Consolidated Net Loss For Year Expected To Decrease By About 50%
11/02/2020 10:34
Feb 11 (Reuters) - Guangdong Tannery Ltd 1058.HK :
* CONSOLIDATED NET LOSS OF COMPANY FOR YEAR EXPECTED TO
DECREASE
BY APPROXIMATELY 50%
* EXPECTED RESULT DUE TO DECREASE IN UNIT COST OF COWHIDES
PRODUCTS THAN IN ITS UNIT SELLING PRICE
* CONSOLIDATED NET LOSS FOR YEAR 2019 EXPECTED TO DECREASE
BY
ABOUT 50% VERSUS AUDITED CONSOLIDATED NET LOSS OF HK$81.24
MILLION FOR 2018
Source text for Eikon: urn:newsml:reuters.com:*:nHKS4V8zHK
Further company coverage: 1058.HK
((Reuters.Briefs@thomsonreuters.com;))
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