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North Asia Resources Holdings Ltd Comments On H1 2013 Profit Guidance


Thursday, 22 Aug 2013 07:58am EDT 

North Asia Resources Holdings Ltd announced that the Group expects to record a substantial increase in loss for the first half of 2013 as compared to that for the first half of 2012. The increase in loss during the period under review was mainly attributable to the decrease in fair value of financial instruments at fair value through profit or loss; increase in administrative expenses; loss on redemption of promissory notes; loss on redemption of convertible loan notes; and increase in interest expenses. The loss will not affect the cash flow and current assets of the Group materially as the substantial part of the loss is non-cash in nature. 

Company Quote

0.147
-0.0070 -4.55%
24 Nov 2014