Interchina Holdings (HKG:0202) expected to record a larger loss for the year ended 31 March 2012 as compared to the loss for the year ended 31 March 2011.

The board considers that the expected loss is mainly due to there is an unrealised loss on the investment in listed securities for the year as the result of the unstable global economic and investment market conditions; a substantial increase in finance costs as a result of increase in bank and other borrowings for the group’s expansions; and the group’s fair value change in investment properties for the year ended 31 March 2012 decreased significantly from those of HK$122.411 million in the last year.

The annual results announcement of the group for the year ended 31 March 2012 is expected to be announced on 29 June 2012.

Source:chinesestock.org