Sinwa sounds 4Q and full-year loss warning
16 Jan 2017, 10:52 pm
SINGAPORE (Jan 16): Marine supply and logistics company Sinwa expects to record a loss in the 4Q16 and FY16.
This comes after preliminary assessment of the group’s draft unaudited financial results for the FY16 ended Dec.
Sinwa says the loss in 4Q16 and FY16 was wholly due to the impairment loss on asset held for sale.
Further details of the group’s financial performance will be disclosed when the company finalises and announces its unaudited financial results for FY16, says Sinwa.
In the meantime, Sinwa advises shareholders of the company and potential investors to exercise caution when dealing in the shares of the company.
Shares of Sinwa closed at 23.5 Singapore cents.
- Gold on fire: Will prices hit US$5,000 mark by year-end?
- China says it’s prepared for shocks as US tariffs loom
- Australia treasurer warns of ‘seismic’ US global economic shock
- Manufacturers seek one-year deferment of 2% EPF contribution for foreign workers
- BNPL and debt: Between convenience and concern
- Israeli airstrike kills Hamas official as Gaza death toll passes 50,000
- Reeves says UK to cut 10,000 civil service jobs ahead of key speech
- Sinopec's 2024 net profit plunges 16.8% due to falling oil prices, NEVs
- China says it’s prepared for shocks as US tariffs loom
- Trump says efforts to contain war in Ukraine ‘under control’
Print
Text Size
Share