01:05 AM EDT, 06/29/2022 (MT Newswires) -- China Investment Development (HKG:0204) is expecting its consolidated net loss to rise 30% compared with the corresponding period in 2021, according to a filing on Tuesday.
The increase is attributed to the rise in other income to HK$10 million ($1.3 million) from HK$1 million, as well as to the increase in the net amount of reversal of impairment losses, net loss on financial assets at fair value and administrative and other expenses .
The company's results for the year are expected to be published by end-June.
Shares of the company rose nearly 3% in midday trade.
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