Brief: Risecomm Group Holdings Updates On Profit Warning
19/03/2020 12:22
March 19 (Reuters) - Risecomm Group Holdings Ltd 1679.HK :
* POTENTIAL NET LOSS FOR FY TO BE FURTHER INCREASED DUE TO
A
POSSIBLE RECOGNITION OF IMPAIRMENT LOSSES ON GOODWILL
* MAY RECOGNIZE IMPAIRMENT OF GOODWILL ARISING FROM
ACQUISITIONS
OF NM TECHNOLOGY, GREEN HARMONY OF UPTO ABOUT RMB216 MILLION FOR
YEAR
* NOT RESUMED FULL OPERATION & PRODUCTION DUE TO CERTAIN
TRAVEL
RESTRICTIONS STILL IN FORCE IN PARTS OF PRC
* FORESEEABLE THAT FINANCIAL PERFORMANCE OF GROUP WILL BE
ADVERSELY AFFECTED BY EPIDEMIC IN NEAR FUTURE
Source text for Eikon: urn:newsml:reuters.com:*:nHKS70wpbg
Further company coverage: 1679.HK
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