"Profit Warning" Solartech Int'l expects full-year losses to expand to 140 million to 148 million yuan

SOLARTECH INT'L (01166.HK) issued a profit warning, expecting a loss of between HKD 140 million and HKD 148 million for the fiscal year ending in June, compared to a loss of HKD 88.52 million in the previous year. The increase in loss is mainly due to a decline in revenue and gross profit; recognition of impairment losses on mining rights; and a decrease in deferred tax credits