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BRIEF-Huscoke Holdings Sees Operational Profit Of about HK$113 MLN For FY2020

· 03/17/2021 21:32
BRIEF-Huscoke Holdings Sees Operational Profit Of about HK$113 MLN For FY2020

- Huscoke Holdings Ltd 0704.HK:

  • EXPECTED THAT GROUP WILL RECORD AN OPERATIONAL PROFIT OF APPROXIMATELY HK$113 MILLION FOR FY2020

  • SEES CONSOLIDATED LOSS THAT IS BETWEEN ABOUT HK$142 MILLION TO HK$398 MILLION FOR FY

  • EXPECTED OPERATIONAL PROFIT DUE TO DECREASE IN SELLING EXPENSES THROUGH CHANGE OF MEANS OF COKE TRANSPORTATION

  • EXPECTED CONSOL LOSS DUE TO RECOGNITION OF NON- CASH IMPAIRMENT OF PROPERTY, PLANT AND ASSETS OF GRG HUSCOKE

Source text for Eikon: ID:nHKS7BktSh

Further company coverage: 0704.HK


((Reuters.Briefs@thomsonreuters.com;))