The Board of Directors of mDR Limited announced that based on the preliminary assessment of the latest unaudited consolidated management accounts, the Group expects to record a net loss for the six months ended 30 June 2022. The Group's expected net loss for the first half of 2022 is mainly due to non-cash adjustments in relation to the impairment of financial assets for certain debt securities, and deconsolidation of certain Myanmar business related dormant subsidiaries due to which the Group de-recognised the carrying amount of the non-controlling interest in relation to the cumulative losses incurred from 2013 to 2017.
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