The Business Times

Vard issues profit warning

google-preferred-sourceAdd BT as a preferred source
Mindy Tan

Mindy Tan

Published Thu, Oct 15, 2015 · 12:02 AM

    VARD Holdings issued a profit warning on Thursday with regard to its financial results for the third quarter ended September and the full year ending December.

    Citing operational challenges at the group's Brazilian shipyards and the negative trend of Brazil's economic and political environment, the shipbuilder said its Q3 FY2015 and FY2015 results will be "materially negatively affected".

    The group's unaudited Q3 results will be disclosed on Nov 11.

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More