KLW expects net loss for first quarter
Singapore
CATALIST-LISED door maker KLW Holdings is expecting to report a net loss for the first quarter ended June 30.
The group said in a Singapore Exchange filing on Friday that the losses were mainly due to lower revenue and gross margins from the door business, lower rental income from its property business and foreign currency exchange loss.
The company is still in the process of finalising its results for Q1 FY2018 and will provide further details of its performance when it releases the financial results on or before Aug 14.
It advised shareholders to exercise caution when dealing in the shares of the company.
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