Hin Sang Group (International) Holding (HKG:6893) expects a maximum consolidated net loss of HK$19.3 million for the six months ended Sept. 30, wider than HK$10.5 million logged for the same period last year, a Friday Hong Kong bourse filing said.
The healthcare and household products company attributed expected the increase in loss to a rise in sales and distribution expenses resulting from an increase in promotion and advertising expenses.
The company also attributed a payment of HK$1.8 million made during the reporting period related to litigation between the group and Guangdong Liujian Group to the expected increase in loss.
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