[ET Net News Agency, 15 August 2019] Shougang Concord Grand (Group) Limited (00730)
said it is expected that the group would record a profit of not less than HK$5 million for
the period ended 30 June 2019 when compared to a loss of HK$58 million for the period
ended 30 June 2018.
The expected positive turnaround is mainly attributable to no impairment loss on
interest in an associate had been recognized during the period under review. An impairment
loss on interest in an associate of HK$64.06 million was recognized for the six months
ended 30 June 2018. (RC)