CAA Resources Limited announced earnings guidance for the year ended 31 December 2021. The company expected to record a loss of not less than USD 50 million and not more than USD 60 million for the year ended 31 December 2021 compared to a loss of approximately USD 29.6 million for the year ended 31 December 2020 The increase in loss in FY2021 was mainly attributable to impairment loss on financial assets of approximately USD 51.3 million in FY2021 as compared to approximately USD 13.3 million in FY2020.
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