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China Strategic Holdings to Swing to Loss in FY21

MT Newswires ·  {{timeTz}}

03:45 AM EST, 01/12/2022 (MT Newswires) -- China Strategic Holdings (HKG:0235) expects to turn to up to HK$3.66 billion ($469.5 million) in loss attributable to its owners for the year ended Dec. 31, 2021 versus a profit of HK$2.28 billion a year prior, according to a late Tuesday filing.

The securities investor attributed the dim outlook to a projected HK$3.68 billion net loss on financial assets at fair value through profit or loss for the reported period versus a gain of HK$2.91 billion in 2020.

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