Hong Kong's Core Economy Investment Group Ltd. expects its net loss for the 2018 full year to widen from the prior-year period.
The company said it expects its net loss to widen as it expects to post a loss on net change in fair value of financial assets of about HK$800,000 million for the period, as a result of the recent downturn in the financial market. In the prior-year period, the company reported a gain on net change in fair value of financial assets of about HK$3 million.
For the 2017 full year, Core Economy Investment Group posted a loss attributable to owners of HK$6.6 million.
The company expects to release its 2018 full-year results before the end of March.