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Southwest Securities International expects H1 net loss to widen YOY

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Southwest Securities International expects H1 net loss to widen YOY

Southwest Securities International Securities Ltd. expects its net loss for the half ended June 30 to widen year over year.

The company said it forecasts a "significant" year-over-year increase in its consolidated net loss for the first half ended June 30, as compared to a net loss of HK$53.8 million in the prior-year period.

The company attributed the expected increase in its first-half net loss to a loss in its proprietary trading result and an increase in finance costs for the period due to a bond issue in May.

Southwest Securities International said it expects to report its first-half results on or around Aug. 24.