Ocean Sky warns of loss for FY2014

OCEAN Sky International has warned that it expects to record a net loss for FY2014.

"This was mainly attributable to the finalisation of claims on warranties from Sunny Force in relation to the disposed apparel operations, which was offset, to a large extent, by fair value gain on investment property," the company said in a release to Singapore Exchange on Tuesday.

Further details of the group's financial performance will be furnished when its financial results are announced on or before March 1, it added.