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Beng Kuang, SMJ International, TSH Corp issue profit warnings
THREE companies warned shareholders on Thursday evening that their profits in upcoming results announcements will show significant declines compared to a year ago.
Ship engineering and services firm Beng Kuang Marine said that it will record a loss for its fourth quarter as well as its 2015 financial year.
"The loss is mainly attributable to the unforeseen main engine breakdown of one of the livestock vessels and an operating loss of a subsidiary in the infrastructure engineering division," it said.
Homeland security and consumer electronics company TSH Corporation said it is expected to report a net loss for its 2015 financial year.
This is due to "fair value loss on its held-for-trading financial asset, loss from sale of property development projects, and lower revenue of the consumer electronic products business," it said.
Carpet distributor SMJ International Holdings said, without elaborating, that the company is expected to report a significantly lower net profit attributable to equity holders in 2015 versus 2014.