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PT International Development Warns of Wider Fiscal-Year Loss

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PT International Development (HKG:0372) expects a loss of at least HK$385 million for the year ended March 31, wider than HK$209 million a year prior, according to a Monday Hong Kong bourse filing.

The commodities trader attributed the forecast to an impairment loss on property, plant, and equipment and right-of-use assets related to port-related service provision in the petrochemical segment, as well as an unrealized fair value loss of its investment in AFC Mercury Fund.

The company expects to publish its annual results on June 30.

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