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New Century Group Expects Narrower Full-Year Loss

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New Century Group Hong Kong (HKG:0234) expects an attributable loss of up to HK$32 million for the year ended March 31, compared with a net loss of HK$56 million a year prior, according to a Monday Hong Kong bourse filing.

The firm attributed a decline in fair value losses on its Hong Kong investment properties and net impairment losses on loan and interest receivables and repossessed assets.

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