New Silkroutes Group records 3 consecutive years of losses

NEW Silkroutes Group has recorded three consecutive years of losses.

The mainboard-listed company on Monday announced to the Singapore Exchange (SGX) that it has recorded pre-tax losses for its three most recently completed consecutive financial years.

Its latest six-month average daily market capitalisation is some S$71.8 million, as at Oct 20, said the company.

SGX will place a company on a watch-list if it records pre-tax losses for the three most recently completed consecutive financial years, and an average daily market capitalisation of less than S$40 million over the last six months.