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Elife Revises Earnings Forecast to Fiscal-Year Loss

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Elife (HKG:0223) revised its earnings forecast to an attributable loss of HK$5.9 million for the fiscal year ended March 31, according to a Thursday Hong Kong bourse filing.

The supply chain company had on June 19 said it was expecting an attributable profit of HK$1.8 million for the year, compared with a HK$97.8 million attributable loss in the prior-year period.

The company attributed the expected loss under the new forecast to a further rise in credit loss provision on trade and other receivables.

The company expects to publish its annual results on June 29.

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