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EuroSports and GMG Global issue profit warnings

Published Mon, Oct 13, 2014 · 09:50 PM
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Singapore

TWO Singapore-listed companies on Monday warned ahead of their earnings announcements that they would be making losses.

Ultra-luxury and luxury car distributor EuroSports Global said that based on its preliminary assessment, it expects to report a loss for its half- year ended Sept 30, 2014.

This is mainly due to a decrease in the sales of automobiles as compared to the corresponding period last year.…

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