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Greentech Intl (0195) sees significant drop in annual profit
Greentech Technology International (00195) said 
it expects to record a significant drop in net profit for the year ended 31 December 2017
as compared with that in 2016.
  The said decrease is due to the fact that in 2016, the Group booked a significant
reversal of impairment loss on the property, plant and equipment and exploration and 
evaluation assets of the Renison underground mine in the sum of HK$170 million (the Group
held 50% of interest in such mine) based on the then estimated recoverable amount of these
assets of such mine as at 31 December 2016 whereas for the year ended 31 December 2017, no
such significant reversal of impairment loss will be made based on the preliminary 
valuation obtained by the management from the valuer.
  Its annual results announcement is expected to be published on or around 26 March.

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