trending Market Intelligence /marketintelligence/en/news-insights/trending/88WEzXuyZFeGzKNcip-D2w2 content esgSubNav
In This List

Core Economy Investment Group expects FY'18 net loss to widen

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


Core Economy Investment Group expects FY'18 net loss to widen

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.