Fri Dec 13, 2019 19:42
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AFFLUENT FDN (01757) sees to swing to loss in 1H
20 Nov 2019
(Infocast News) Affluent Foundation (01757) anticipates to report a net loss for the six months ended 30 September as compared to the profit for the same period in 2018.

Such change from profit to loss are mainly attributable to (i) decrease in revenue due to certain sizable projects have been completed by the year ended 31 March and no longer generate revenue during the relevant period, and (ii) the progress of a sizable new project has been delayed due to delay in handover of worksite by the main contractor.

(WL)
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