Based on unaudited management accounts
Imperial Pacific expects losses in 2014
Imperial Pacific International Holdings has warned its shareholders that the group is expecting to record an increase in net losses for 2014. The company made the announcement in a filing with the Hong Kong Stock Exchange.
2015-03-16
Reading time 26 seg
Imperial Pacific International Holdings has warned its shareholders that the group is expecting to record an increase in net losses for 2014. The company made the announcement in a filing with the Hong Kong Stock Exchange.
Imperial Pacific made the announcement in a filing with the Hong Kong Stock Exchange on Wednesday, saying that the losses can be attributed to a number of factors, including increased operating and administrative costs, recognition of share-based payment expenses, and most notably, expenses attributed to the development of its integrated resort in Saipan.
The company is still finalizing its annual results for 2014 and the the projections made were based on unaudited management accounts.
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