Brief: VCREDIT Holdings Sees HY Net Loss In Range Of RMB890 Million To RMB1,090 Million
06/07/2020 15:21
July 6 (Reuters) - VCREDIT Holdings Ltd 2003.HK :
* FOR SIX MONTHS, EXPECTED TO REPORT A NET LOSS IN RANGE OF
RMB890
MILLION TO RMB1,090 MILLION
* VCREDIT HOLDINGS SEES HY ADJUSTED NET LOSS IN RANGE OF
RMB850
MILLION TO RMB1,050 MILLION VERSUS PROFIT RMB192.8 MILLION
* EXPECTED HY LOSS DUE TO IMPACT OF COVID-19 PANDEMIC ON
BUSINESS,
SAW INCREASE IN DELINQUENCY RATES FOR LOAN REPAYMENTS
Source text for Eikon: urn:newsml:reuters.com:*:nHKS2PZwHQ
Further company coverage: 2003.HK
(Reuters.Briefs@thomsonreuters.com)
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