Changtian Plastic & Chemical warns of Q3 loss from asset impairment

Changtian Plastic & Chemical has warned of a loss for the third quarter ended Sept 30.

This was mainly due to an impairment loss on the group's property, plant and equipment.

This will be reflected as an expense in the income statement, thereby contributing to the reporting of a loss.

The impairment loss is a non-cash flow item and is not expected to have any adverse impact on the operations of the group, Changtian said in a statement.

Further details on the financial performance will be disclosed when the group releases its third quarter results on Nov 12.