Alco Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended March 31, 2021
June 21, 2021 at 09:50 am EDT
Alco Holdings Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2021. For the year, the company expected to record an operating loss (before impairment, if any) of not less than HKD 290 million for the year ended 31 March 2021 (year ended 31 March 2020: approximately HKD 433 million). The expected operating loss abovementioned does not include one-off impairment (if any), which is under review by auditors. Net loss of the Group for the year ended 31 March 2020 was approximately HKD 599 million.