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BRIEF-UACN Property Development sees lower earnings for FY 2016
February 16, 2017 / 1:30 PM / 10 months ago

BRIEF-UACN Property Development sees lower earnings for FY 2016

Feb 16 (Reuters) - UACN Property Development Company Plc :

* Says the co expect to report materially lower earnings for year ended Dec 31, 2016

* Says lower earnings is mainly as result of recognition of losses on certain projects and impairment of investments in one joint venture project

* Says results were further worsened by foreign exchange losses and negative performance of its hotel asset Source: bit.ly/2kBFHY1 Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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