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Healthway Medical expects loss for Q4 and FY 2016 due to impairments

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MEDICAL clinic chain Healthway Medical Corporation expects to make a loss for its financial fourth quarter and full year 2016, it said in a Singapore Exchange filing on Wednesday.

MEDICAL clinic chain Healthway Medical Corporation expects to make a loss for its financial fourth quarter and full year 2016, it said in a Singapore Exchange filing on Wednesday.

It said the expected loss was mainly due to "significant impairment of certain receivables, as well as goodwill". It did not specify these receivables.

It said it would disclose more details when it announces its Q4 results on or before March 1.

Healthway Medical suspended trading in its shares on the morning of Feb 13 and the stock remained suspended as at Wednesday evening.

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