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ASL Marine issues profit warning for Q4, FY18

ASL Marine Holdings expects to report a net loss for the fourth quarter and full year ended June 30, the marine firm said in a Singapore Exchange filing on Wednesday evening.

The expected loss is primarily due to weak contribution from the shipbuilding segment and impairment losses, it said.

Further details of the group’s financial performance will be furnished when the company announces its FY2018 results on Aug 29.

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