Brief: Tai United Says There Is An Impairment Loss For FY18 From Mining Rights In Mongolia

Tai United Holdings

19/03/2019 05:20

March 19 (Reuters) - Tai United Holdings Ltd  0718.HK :
    * THERE IS AN IMPAIRMENT LOSS FOR FY2018 RECOGNISED FOR
MINING
RIGHTS IN MONGOLIA COMPARED WITH NO SUCH LOSS IN FY2017
    * THERE IS A LOSS ARISING FROM CHANGES IN FAIR VALUE FOR
CO'S
INVESTMENT PROPERTIES IN UK VERSUS A GAIN OF ABOUT HK$149
MILLION IN FY2017
    * TAI UNITED - THERE IS LOSS IN FY18 FROM CHANGES IN FAIR
VALUE
FOR GROUP'S INVESTMENT PROPERTIES IN UK COMPARED WITH GAIN OF
ABOUT  HK$149 MILLION IN FY17

Source text for Eikon:  ID:nHKSc50MWN 
Further company coverage:  0718.HK 

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