Ipco issues profit guidance for FY2015

IPCO International Limited is expected to report a pre-tax loss for its full financial year ended April 30, 2015, its board of directors said on Wednesday.

The group's filing to the Singapore Exchange said that based on a preliminary review of its performance, this loss will be attributable to several factors including an unrealised fair value loss on financial assets. An allowance for impairment of available-for-sale financial assets as well as for the carrying value of property, plant and equipment will also contribute to the group's loss.

The group also said that it is finalising its full year financial results for FY2015, which will be released "on or before" June 29, 2015.

The group's counter closed 0.1 of a Singapore cent higher at 0.6 of a Singapore cent on Wednesday.