CK Life Sciences Forecasts Swing to H1 Loss; Shares Slide 5%
MT Newswires Live
Aug 01
CK Life Sciences (HKG:0775) expects to post a loss attributable to shareholders of about HK$150 million for the six months ended June 30, compared with a profit of HK$1 million a year prior, a Thursday Hong Kong bourse filing said.
Shares of the company were down about 5% in Friday's recent trade.
The anticipated loss was mainly due to a planned increase in R&D investment, though overall operations remained stable during the period.
The interim results will be published on Aug. 12.
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