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Southwest Securities International expects net loss for H1

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Southwest Securities International expects net loss for H1

SouthwestSecurities International Securities Ltd. expects to post a net lossfor the six months ended June 30 amid the persistent slowdown of macroeconomicgrowth in China and the high volatility of the stock market.

The company said July 19 that it expects to post a loss ofabout HK$61 million for the six-month period as compared to a net profit in thesix months ended Dec. 31, 2015.

The company attributed the loss to the performance of thegroup's proprietary trading in securities and the impairment loss on accountsreceivable.