Brief: Newocean Energy Expects FY Consol Net Loss Of About HK$2.37 Bln
30/03/2021 10:03
March 30 (Reuters) - Newocean Energy Holdings Ltd 0342.HK :
* SEES CONSOLIDATED NET LOSS OF APPROXIMATELY HK$2,370
MILLION FOR
YEAR
* EXPECTED RESULT DUE TO REDUCTION OF GROSS PROFIT MARGIN
DERIVED
FROM OIL BUNKERING BUSINESS
* ADDITIONAL IMPAIRMENT LOSSES ON TRADE RECEIVABLES,
INVENTORIES &
OTHERS WAS ABOUT HK$20,000 MILLION IN FY
Source text for Eikon: ID:nHKS2sHF4w
Further company coverage: 0342.HK
((Reuters.Briefs@thomsonreuters.com))
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