02:57 AM EDT, 06/22/2022 (MT Newswires) -- Asia Orient Holdings (HKG:0214) expects to swing to a loss in fiscal year 2022, the company said in a Tuesday stock filing.
The company expects a net loss attributable to shareholders of between HK$850 million and HK$950 million ($108.3 million and $121.0 million) for the year ended March 31, compared with a profit of HK$1.01 billion a year earlier.
Asia Orient incurred a net investment loss on financial investments as well as an additional provision of expected credit loss.
The company is set to publish year-end earnings on or before the end of June.
Price (HKD): $0.73, Change: $+0.01, Percent Change: +1.39%