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2008-12-10 08:33:00 a.m. HKT, XFNA
Hong Kong's Vongroup sees H1 to Oct loss of 39-43 mln hkd
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HONG KONG (XFN-ASIA) - Vongroup Ltd said it expects to record a loss of 39-43
mln hkd in the first half to October, due mainly to investment losses.
It said it expects to recognize realized and unrealized loss due to changes in
fair value of listed equities and investment property which it holds.
It also cited a slowdown in the performance of its restaurants due to a decline
in consumer demand and the difficult business environment.
The company posted a net profit of 600,000 hkd in the first half to October
2007.
(1 usd = 7.8 hkd)
roby.lau@xfn.com
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