MIE Holdings (01555) said it expects to record a material decrease in its net profit for the six months ended 30 June 2014 as compared with that for the same period in 2013.
Such decline was due primarily to one-off finance expense of Rmb120 million call premium for the early redemption of the US$400 million 9.75% senior notes due 2016; as well as about Rmb35 million unamortized expenses of the 2016 notes charged to profit and loss account as a result of the redemption.
Its interim results announcement is expected to be released in late August.
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