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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.