Lion Asiapac issues profit guidance
LION Asiapac Limited issued a profit guidance in respect of its unaudited financial results for the third quarter and nine months ended March 31, 2017, which is expected to be released in the middle of May 2017.
Based on a preliminary review of the Q3 results, the group is expected to report a loss for the nine months. This is mainly due to a decrease in turnover as a result of a decline in demand amid adverse market conditions.
In the meantime, shareholders of the company and potential investors are advised to exercise caution when dealing in the shares of the company.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Air China to buy 100 locally made C919 jets in US$11 billion deal
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder