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Profit Warning
The 2017 trading outlook for most of the Company’s individual businesses remains broadly the same. However, somewhat worse results are now expected at HAECO Americas in the second half of 2017 than were expected when the Interim Report 2017 of HAECO was published. In addition, as required by applicable accounting standards, a review of the carrying value of the business of HAECO Americas has been undertaken. As a result of this review (which took into account the prospects for the airframe maintenance business of HAECO Americas), impairment charges currently estimated at approximately HK$625 million are expected to be made in 2017. The effect of this is that there is now expected to be a consolidated loss attributable to the shareholders of the Company for 2017.
Executive Directors: J.R. Slosar (Chairman), W.E.J. Barrington, C.P. Gibbs,
R.J. Sharpe, A.K.W. Tang;
Non-Executive Directors: G.T.F. Hughes, M.B. Swire;