Brief: Tai United Sees Substantial Decrease In H1 Revenue By More Than 60%

Tai United Holdings

19/08/2020 15:14

Aug 19 (Reuters) - Tai United Holdings Ltd  0718.HK :
    * GROUP EXPECTS TO RECORD SUBSTANTIAL DECREASE IN REVENUE BY
MORE
THAN 60% FOR 1H2020
    * GROUP EXPECTS TO RECORD FOR 1H2020 SUBSTANTIAL INCREASE IN
CONSOLIDATED LOSS BEFORE TAX BY MORE THAN 600%
    * EXPECTED INCREASE IN LOSS BEFORE TAX FOR 1H2020 DUE TO
INCREASE
OF IMPAIRMENT LOSS ON MINING RIGHTS OF NOT LESS THAN HK$50
MILLION
    * EXPECTED DECREASE IN REVENUE WAS MAINLY DUE TO SUBSTANTIAL
DECREASE IN REVENUE IN PROPERTY INVESTMENT SEGMENT BY MORE THAN
90%

Source text for Eikon:  ID:nHKS2K2jx9 
Further company coverage:  0718.HK 

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