March 19, 2020 / 12:27 PM / 12 days ago

BRIEF-Risecomm Group Holdings Updates On Profit Warning

March 19 (Reuters) - Risecomm Group Holdings Ltd:

* POTENTIAL NET LOSS FOR FY TO BE FURTHER INCREASED DUE TO A POSSIBLE RECOGNITION OF IMPAIRMENT LOSSES ON GOODWILL

* MAY RECOGNIZE IMPAIRMENT OF GOODWILL ARISING FROM ACQUISITIONS OF NM TECHNOLOGY, GREEN HARMONY OF UPTO ABOUT RMB216 MILLION FOR YEAR

* NOT RESUMED FULL OPERATION & PRODUCTION DUE TO CERTAIN TRAVEL RESTRICTIONS STILL IN FORCE IN PARTS OF PRC

* FORESEEABLE THAT FINANCIAL PERFORMANCE OF GROUP WILL BE ADVERSELY AFFECTED BY EPIDEMIC IN NEAR FUTURE Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below