Sky One reports worsening of loss

SINGAPORE - Sky One Holdings reported a worsening in its net loss to HK$113 million, from HK$56.8 million.

This was despite revenue for the 12 months ended March 31 rising by 8.2 per cent to HK$183.6 million.

The company chalked up higher impairment of intangible assets of HK$103 million, up from HK$34.1 million last year. This related to a coal logistics contract.

Loss per share widened to 35.78 HK cents from 18.15 HK cents previously while net asset value per share was slashed to 21.24 HK cents from 57.45 HK cents.

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