International Entertainment Loss Set to Reach HK$500M
International Entertainment Corporation (IEC) expects its attributable loss to reach approximately HK500 million for the financial year ended June 30,2026, compared with a loss of HK282.1 million in the previous year. The projected increase is mainly linked to a HK425 million non-cash accounting loss arising from the revaluation of financial liabilities associated with HK1.6 billion in convertible notes issued during the year. The company said the accounting adjustment does not represent an operating cash outflow and does not affect the […] The post International Entertainment Loss Set to Reach HK$500M appeared first on World Casino News.
International Entertainment Corporation (IEC) expects its attributable loss to reach approximately HK500 million for the financial year ended June 30,2026, compared with a loss of HK282.1 million in the previous year. The projected increase is mainly linked to a HK425 million non-cash accounting loss arising from the revaluation of financial liabilities associated with HK1.6 billion in convertible notes issued during the year. The company said the accounting adjustment does not represent an operating cash outflow and does not affect the […]
The post International Entertainment Loss Set to Reach HK$500M appeared first on World Casino News.
