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00276 MONGOLIA ENERGY
RTNominal up0.650 +0.050 (+8.333%)
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22/06/2016 08:32

Mongolia Energy sees less impairment loss on mining assets

[ET Net News Agency, 22 June 2016] Mongolia Energy Corporation (00276) said it expected
a provision of impairment loss in about HK$682.9 million will arise from the mining assets
assessment.
As the impairment loss amount as preliminary estimated is less than that of last year,
Mongolia Energy expects the overall loss of the Group this year will be lower in
comparison; however, it still has a significant impact on the results for the financial
year ended 31 March 2016. (HL)

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