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China Inv Hold (00132) expects $7.494M loss for 1H
17 Aug 2018
(Infocast News) China Investments Holdings (00132) expects "to record a loss for the period attributable to the owners of the Company amounting to approximately HK$7,494,000 for the six months ended 30 June 2018 as compared to a profit for the period attributable to the owners of the Company of HK$12,272,000 for the six months ended 30 June 2017. It is mainly attributable to borrowings obtained by the Company amounting to HK$90,000,000 and US$70,000,000 in December 2017 and therefore substantially increase of the financial costs for the six months ended 30 June 2017 from HK$11,640,000 to approximately HK$39,852,000 for the six months ended 30 June 2018."

(WL)
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