UACN Property Development sees lower earnings for FY 2016


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:


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