United States

Hong Kong Aircraft Engineering issues profit warning

Tuesday, 18 Jul 2017 04:43am EDT 

July 18 (Reuters) - Hong Kong Aircraft Engineering Co Ltd <0044.HK>:Prospects for group's different businesses in 2017 are mixed.‍Significantly higher losses are now expected at Haeco USA Holdings, inc. in 2017 than in 2016​.Expected results reflects loss (with effect from August 2017) of significant US work from a major customer.‍Company's financial results before exceptional items for 2017 are expected to be worse than in 2016​.