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Green Build warns of H1 net loss
GREEN Build Technology expects to post a net loss for the first half of 2015 due to a seasonally weak packaging business and no revenue from its green technology segment.
The maker of flexible packaging products and provider of green building solutions, which made a net profit in the year-ago period, expects to announce its results for the six months ended June 30 by Aug 14.
Green Build said that its packaging business is typically weaker in the first half of the year. Its green technology business, however, did not recognise any revenue from projects that were halted during the long winter in Harbin, China even though fixed overhead and administrative costs continued to be incurred. New energy-conservation and sustainable-development projects are however expected to generate a substantial part of the revenue in the second half of the year.
Green Build Technology shares last traded at 25.5 Singapore cents on July 28.