[ET Net News Agency, 20 September 2021] China Environmental Resources Group Limited
(01130) said it is expected that the group's audited consolidated loss for the year ended
30 June 2021 will decrease by not less than 10% compared to the loss for the corresponding
period in 2020 of approximately HK$55.8 million.
The decrease was attributable to the combined effects of the (i) increase in gross
profit to approximately HK$19.9 million mainly due to the change in product mix; (ii)
increase in other income to approximately HK$2.7 million mainly due to the receipt of
government subsidies and increase in sponsorship income; (iii) decrease in general and
administrative and operating expenses to approximately HK$41.2 million mainly due to
decrease in staff cost and expenses related to short-term leases/operating lease; and (iv)
increase in fair value gain on investment properties to approximately HK$1.9 million
during the year ended 30 June 2021. (RC)
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01130 CH ENV RES-NEW
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0.209 -0.003 (-1.415%) Others
20/09/2021 17:45
China Env Res (01130) sees decrease in year loss
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