Asia
Dingyi Group Flags Upto HK$424 Million Loss For Fiscal Year
Dingyi Group Investment (HKG:0508) said it expects HK$424.3 million in net loss for the fiscal year ended March 31, widening from a loss of HK$138.2 million a year earlier, according to a Monday filing with the Hong Kong bourse.The firm expects higher losses despite an increase in revenue to HK$331.1 million from HK$279.7 million in the previous fiscal year.The firm attributed the higher loss to a reduction in gross profit margin and write-down of properties under development.
HKG:0508
