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No Signboard warns of losses owing to ailing beer business
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Nisha Ramchandani
Published Thu, Nov 22, 2018 · 09:50 PM
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Singapore
F&B group No Signboard Holdings has flagged that it would record losses for its fiscal fourth quarter and full year owing to an impairment charge on its fizzling beer business.
In a filing with the Singapore Exchange on Thursday, No Signboard said it had undertaken a review on the recoverability of the group's goodwill and intangible asset of its beer business, and has decided to impair the asset in accordance with Singapore Financial Reporting Standards. Therefore, it is expected to record accounting losses for Q4 and FY18 ended Sept 30.
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