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00372 PT INTL DEV
RTNominal unchange0.042 0.000 (0.000%)
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04/10/2019 14:37

PT Int'l Dev (00372) sees interim net turn to red

[ET Net News Agency, 4 October 2019] PT International Development Corporation Limited
(00372) said the group is expected to record a loss for the six months ending 30 September
2019, whereas the group recorded a profit for the corresponding period in 2018.
The loss is mainly attributable to (1) the unrealised fair value loss of an investment
in a financial instrument, namely the group's investment in AFC Mercury Fund, as compared
with the corresponding period in 2018, notwithstanding that the fair value of which
remains higher than the group's capital investment cost; and (b) the decrease in the share
of profits, and losses of the group's associate, PYI Corporation Limited during the period
as compared with the corresponding period in 2018. (RC)

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