Troubled flooring firm Jason Holdings posts S$13.8m loss for 2015

Singapore

TROUBLED timber flooring specialist Jason Holdings, which is dealing with corporate governance and debt repayment issues, has released its unaudited full-year and adjusted half-year results for 2015. The firm registered a S$13.8 million net loss for the full year compared to a S$215,000 net profit in its restated 2014 results.

In its results commentary, Jason Holdings said adverse events it has announced since Dec 31, 2015 are expected to have a material and adverse impact on the group.