China Dongxiang (Group) (HKG:3818) expects an attributable loss of up to 180 million yuan for the year ended March 31, compared with an attributable profit of 207 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.
The sport-related apparel and footwear company attributed the forecast to a lower gain from the fair value change of financial assets, foreign exchange losses, and an impairment allowance for loans to existing and former members of the management.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.