In the profit warning, NEWAY GROUP forecasts a half-year loss of HKD 19 million to HKD 34 million

NEWAY GROUP (00055.HK) issued a profit warning, expecting a loss of between HKD 19 million and HKD 34 million for the six months ending in June, compared to a loss of HKD 40.1 million in the same period last year. The anticipated loss is mainly due to a fair value loss of approximately HKD 4 million on investment properties, as well as classified losses from property development, property investment, and manufacturing and sales businesses