Guangnan deeper in black

The loss at scandal-ridden Guangnan (Holdings) widened in the half to June to HK$312.21 million from HK$276.84 million a year earlier. It made a HK$69.37 million provision for falling property values and had HK$90.56 million finance cost. Last month it was revealed nine people, including executives, of the mainland foodstuff distributor were involved in a HK$1.8 billion fraud case.