Success Universe expects widened loss in 17H1

Success Universe has warned investors it is expecting to record a “significant increase” in consolidated loss for the six month period ending June 30, 2017.

The loss, which is expected to widen by around 50 percent compared to the prior year period, is mainly attributable to a decrease in profit relating to Ponte 16, as well as a decrease in operating revenue and increase in loss of the group’s travel business.

Success Universe says its interim results are expected to be published in late August 2017.