International Business Settlement (HKG:0147) expects a consolidated net loss of around HK$350 million for the year ended March 31, compared with a loss of HK$387 million a year prior, according to a Monday Hong Kong bourse filing.
The real estate company attributed the loss to share option expenses, an impairment loss on Bitcoin held, and impairment losses on Bitcoin mining machines.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.