Lion Asiapac issues profit guidance

LION Asiapac Limited issued a profit guidance in respect of its unaudited financial results for the third quarter and nine months ended March 31, 2017, which is expected to be released in the middle of May 2017.

Based on a preliminary review of the Q3 results, the group is expected to report a loss for the nine months. This is mainly due to a decrease in turnover as a result of a decline in demand amid adverse market conditions.

In the meantime, shareholders of the company and potential investors are advised to exercise caution when dealing in the shares of the company.