Brief: Wing Chi Holdings Sees Consol Net Loss For FY20 To Decrease Significantly Within Range Of About 54% To 65%
05/05/2020 10:56
May 5 (Reuters) - Wing Chi Holdings Ltd 6080.HK :
* SEES CONSOL NET LOSS FOR FY2020 TO DECREASE SIGNIFICANTLY
WITHIN
RANGE OF ABOUT 54% TO 65%
* EXPECTED RESULT AS NUMBER OF LOSS PROJECTS FOR FY2020
SUBSTANTIALLY REDUCED
* EXPECTED DECREASE IN FY2020 CONSOLIDATED NET LOSS DUE TO
IMPROVEMENT OF GROSS PROFIT MARGIN
* EXPECTED REVENUE FOR FY2020 WILL DECREASE SLIGHTLY SINCE
MOST OF
GROUP'S SIZABLE PROJECTS SUBSTANTIALLY BEEN COMPLETED IN FY2019
Source text for Eikon: urn:newsml:reuters.com:*:nHKS1ksG8k
Further company coverage: 6080.HK
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