Macau | Suncity expects significant loss attributable to owners for H1

Local junket operator Suncity Group Holdings Limited has posted a profit warning anticipating ‘a significant increase in its loss attributable to owners’ of the company for the first half of this year

Macau (MNA) – Local junket operator Suncity Group Holdings Limited has posted a profit warning anticipating ‘a significant increase in its loss attributable to owners’ of the company for the first half of this year, the group announced Friday in a filing with the Hong Kong Stock Exchange.

The group explained that the anticipated significant growth in loss ‘was mainly attributable to the increase in loss of approximately RMB944.1 million’ (MOP1.11 billion/US$137.2 million) in respect of the change in value of  the convertible bonds.

The profit loss announcement is ‘only a preliminary assessment’, notes the filing, with full final results for the company’s financial year to be announced ‘on 27 August 2018’.

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