Ngai Lik Industrial warns of loss

It’s attributable to a one-off gain on deconsolidation of a subsidiary.

The board of directors of Ngai Lik Industrial Holdings Limited announced that, based on the preliminary review of the unaudited management accounts of the Group, the financial results of the Group for the six months ended 30 September 2012 are expected to record a loss as compared with a profit for the corresponding period of 2011.

The Board believes that the turnaround from profit to loss was mainly attributable to a one-off gain on deconsolidation of a subsidiary recorded in the corresponding period of 2011.

The unaudited consolidated interim results of the Group for the six months ended 30 September 2012 are expected to be published on 30 November 2012.