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Auric Pacific warns of 'significant' Q3 loss on impairments, provisions
AURIC Pacific Group expects to report a "significant" third-quarter loss because of impairments and cost provisions, the food retailer announced on Monday after the market closed.
The company expects to record impairments of non-financial assets, the impairment of the carrying amounts in an associated company and the provision of costs for the quarter ended September, based on a preliminary assessment of unaudited results for that period.
"Shareholders are advised to exercise caution when dealing in the shares of the company," Auric added.
The company's shares did not trade on Monday, but were last bid at 76 Singapore cents, with no offers.