Asia
New Concepts Forecasts Narrower Full-Year Loss
New Concepts (HKG:2221) expects an attributable loss of up to HK$60 million for the year ended March 31, narrower than HK$80.7 million a year prior, according to a Thursday Hong Kong bourse filing.Shares of the environmental protection company were down over 1% in Friday afternoon trading.The company attributed the forecast to a higher gross profit mainly from the construction business and a lower impairment loss under the expected credit loss model.
HKG:2221
