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GT Group Holdings expects to swing to H1'16 loss

GT GroupHoldings Ltd. said July 8 that it expects to book a consolidatednet loss for the six months ended June 30 compared to a consolidated net profitof about HK$1.07 billion in the corresponding 2015 period.

The company attributes the expected loss to the impairmenton its unlisted available-for-sale financial assets, and a net realized lossand unrealized loss on financial assets at fair value through a profit or lossof about HK$16 million and HK$500 million, respectively.

GT Group expects to publish the interim results before theend of August.