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Asia Energy Log (00351): '18 loss rises significantly
15 Mar 2019
(Infocast News) Asia Energy Logistics Group (00351) expects its loss for the year ended 31 December 2018 to increase significantly compared to 2017.

The significant increase, which was partly offset by higher revenue during 2018, was primarily attributable to: (i) the increase in share based payment resulted from the grant of share options under the company's share option schemes; (ii) the increase in the share of loss of a joint venture; (iii) the adverse fair value change of derivative financial instruments based on the valuation of the convertible bonds issued by the company; and (iv) the increase in finance costs incurred for the group's operations.

(WL)
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