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PR Newswire
12-05-2017, 06:37 PM
Profit Guidance for the fourth quarter and full year ended 31 March 2017 (“4QFY2017” and “FY2017”)
Tat Hong Holdings Limited, based on the preliminary review of its consolidated results, is expected to report a loss for 4QFY2017 and FY2017. This is primarily attributable to weak operating conditions in the Group’s main markets in Australia and Singapore, provisions and costs associated with discontinued businesses in Indonesia, impairments of assets and investments as well as foreign exchange losses.
Notwithstanding the expected loss, the Group’s cash and cash equivalents as at 31 March 2017 was in excess of S$100 million.
Further details will be disclosed in the Group’s audited financial statements for 4QFY2017 and FY2017 which will be released on or around 30 May 2017.
Tat Hong Holdings Limited, based on the preliminary review of its consolidated results, is expected to report a loss for 4QFY2017 and FY2017. This is primarily attributable to weak operating conditions in the Group’s main markets in Australia and Singapore, provisions and costs associated with discontinued businesses in Indonesia, impairments of assets and investments as well as foreign exchange losses.
Notwithstanding the expected loss, the Group’s cash and cash equivalents as at 31 March 2017 was in excess of S$100 million.
Further details will be disclosed in the Group’s audited financial statements for 4QFY2017 and FY2017 which will be released on or around 30 May 2017.
Specuvestor: Asset - Business - Structure.