Asia
Mongolia Energy Warns of Wider Full-Year Loss
Mongolia Energy (HKG:0276) expects a pre-tax net loss of up to HK$362 million for the year ended March 31, compared with HK$172.5 million a year prior, according to a Wednesday Hong Kong bourse filing.The coal producer also expects a decline in revenue and gross profit.The forecast comes about amid a drop in sales volume, as well as the average selling price of clean coking coal.
HKG:0276
