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CITIC Resources Holdings Ltd comments on FY 2013 earnings outlook


Monday, 23 Dec 2013 09:19pm EST 

CITIC Resources Holdings Ltd:Says for FY 2013, it expects to record a net loss.Says net loss is a principally as a result of weaker energy and commodities selling prices and reduced demand and sales due to the continuing fragile global economic recovery; higher operating costs.Says also because of exchange losses arising from primarily Australian dollar exchange rate fluctuations; and an one-off expense of HK$91,498,000 incurred in connection with the cash tender offer made by the Group to repurchase part of its $1,000,000,000 6.75% senior notes due 2014. 

Company Quote

1.3
0.04 +3.17%
21 Apr 2015