Nine Express (00009) said it expects to record a consolidated net loss attributable to the owners of about HK$221 million for the six months ended 30 June 2017 as compared with net loss of about HK$27 million for the same period in 2016.
The major reasons are attributable to an impairment loss of investment in an associate of about HK$106 million recognised; properties development in progress written down of about HK$63 million recognised; and properties held for sale written down of about HK$17 million recognised.
Its interim results announcement is expected to be published on or around 29 August.
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