Trek 2000 issues profit warning

TREK 2000 International said on Sunday it is expected to report a net loss by the group for Q4 2015, which will consequently result in a net loss for FY2015.

The net loss is mostly attributable to costs in relation to research and development and on non-recurring engineering projects, costs and write-offs in relation to intellectual property rights, and significant provisions for the net realisable value of inventory which includes obsolete and aged inventory.

Further details of the group's financial performance will be disclosed when the group announces its unaudited financial results for Q4 2015 and FY2015 on Feb 29.