"Profit Warning" PAK TAK INT'L estimates interim losses between 110 million to 130 million yuan

Pak Tak Int'l (02668.HK) issued a profit warning, expecting a loss of between HKD 110 million and HKD 130 million for the six months ending in June, compared to a profit of HKD 36.8 million in the same period last year. The anticipated loss is mainly due to a significant increase in overall costs after completing the acquisition of iron ore mining and beneficiation operations; the mining business maintains bank loans of HKD 405 million, leading to increased financial costs; and an increase in the fair value loss of investment properties