Sinocloud expects to report net loss due to impairment losses
Published Fri, May 12, 2017 · 01:41 PM
SINOCLOUD Group Ltd and its subsidiaries are expecting to report a net loss for fiscal year 2017, mainly due to impairment losses in relation to its investment in an associate.
The group said in a Singapore Exchange filing on Friday that it is still in the process of finalising results of the group for FY2017.
It is expected to release its unaudited financial results for FY2017 no later than May 30, 2017.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch
Parkway Life Reit Q1 DPU up 4% to S$0.0379