LT Commercial Real Estate (00112) said it expects to record a significant increase in net loss for the six months ended 30 June 2014 as compared to that of the same period in 2013 and an increase by about 170% as compared to the year ended 31 December 2013.
Such expected loss is mainly attributable to no interest income relating to the loan has been recognized during the reporting period, and the group incurred higher administration expenses as a result of the expansion in business activities.
Its interim results announcement is expected to be published in August.
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