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6161 - Target Insurance Holdings News Story

HK$0.58 0.0  5.5%

Last Trade - 8:40am

Sector
Financials
Size
Micro Cap
Market Cap £28.3m
Enterprise Value £-38.2m
Revenue £43.8m
Position in Universe 4639th / 5988

BRIEF-Target Insurance Holdings Sees Significant Increase In Loss Before Tax For Year

Fri 13th March, 2020 12:43pm
March 13 (Reuters) - Target Insurance Holdings Ltd
 6161.HK :
    * WILL RECORD A SIGNIFICANT INCREASE IN LOSS BEFORE TAX BY
ABOUT
54% TO ABOUT HK$193.2 MILLION FOR YEAR
    * EXPECTED LOSS DUE TO SUBSTANTIAL INCREASE IN NET INSURANCE
CLAIMS AND LOSS ADJUSTMENT EXPENSES
    * CO TO  BORROW LOANS IN PRINCIPAL AMOUNT OF HK$40 MILLION,
HK$25
MILLION AND HK$25 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS7JznDP
Further company coverage:  6161.HK 

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