BRIEF-Crocodile Garments Says Annual Results For Year Is Expected To Deteriorate Greatly

Aug 15 (Reuters) - Crocodile Garments Ltd:

* ANNUAL RESULTS FOR YEAR IS EXPECTED TO DETERIORATE GREATLY

* EXPECTED RESULT DUE TO LARGE DECREASE IN GAINS ARISING FROM REVALUATION OF GROUP'S INVESTMENT PROPERTIES

* RESULTS FOR YEAR IS EXPECTED TO DETERIORATE COMPARED TO CONSOLIDATED PROFIT ATTRIBUTABLE OF HK$162.5 MILLION IN LAST YEAR

* SPENDING DESIRE OF HK & OVERSEAS CUSTOMERS IN FY DROPPED DUE TO, AMONG OTHER REASONS, DOWNTURN OF GLOBAL ECONOMY & SOCIAL CHAOS

* IF NEGATIVE IMPACT OF EXISTING SOCIAL CHAOS BECOMES SEISMIC, RESULTS OF GARMENT BUSINESS ARE POSSIBLY FORESEEN TO WORSEN

* UNDER DECELERATING GLOBAL ECONOMY, HK GOVERNMENTAL COOLING MEASURES & CIVIL UNREST, MOMENTUM OF HK PROPERTY MARKET WITHERED IN FY Source text for Eikon: Further company coverage: