One Heritage plummets as losses widen; flags more cost pressure

Zentra

25/10/2022 12:33

** Shares of property development firm One Heritage
Plc OHG.L  down 24.2% at 12p
    ** Co posts full year operating loss of 2.1 mln pounds
($2.38 mln), compared with a loss of 0.8 million
pounds($904,880.00)year ago urn:newsml:reuters.com:*:nTUC2YKL0
    ** Cites delay in completion of Lincoln House, Bolton
development and an impairment of 1.3 mln pounds across two
development projects due to increase in construction price 
    ** Co flags more cost pressures in the forthcoming period
    ** Stock set to post biggest intra-day loss in almost six
months
    ** Including session's losses, stock down ~74.36% YTD
($1 = 0.8841 pounds)
 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))