Ch Demeter Fin(08120)expects substantial loss for FY17 Close
03/01/2018 18:13
(Infocast News) China Demeter Financial Investments Limited (08120) said that the Company is expected to record a substantial loss for the year ended 31 December 2017 when compared with a loss of approximately HK$14.4 million for the year ended 31 December 2016 .

The loss for FY2017 was principally attributable to the loss in the Group’s securities investment segment, comprising loss in fair value of financial assets through profit or loss of approximately HK$87.5 million when compared with the gain in fair value of financial assets through profit or loss of approximately HK$0.2 million in FY2016 as a result of the volatile stock market in Hong Kong during FY2017. Such financial assets through profit or
loss are mainly composed of listed equity securities in Hong Kong whose fair values were determined with reference to the quoted market prices in the market and/or the realised loss of the Group’s investments.

(SY)



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