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GT Group expects to post FY'18 net loss

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GT Group expects to post FY'18 net loss

Hong Kong-based GT Group Holdings Ltd. expects to post a consolidated net loss for the 2018 full year.

The company said Jan. 7 that the expected net loss is mainly due to a net realized and unrealized loss on financial assets at fair value through profit or loss of approximately HK$150 million and HK$117 million, respectively, for 2018, compared to a net realized loss of approximately HK$294 million and an unrealized loss of approximately HK$160 million for the 2017 full year.

For the 2017 full year, GT Group posted a consolidated net loss of about HK$566.8 million.

The company expects to report its 2018 full-year results before the end of March.