Vallianz warns of expected Q2 loss
Catalist-listed Vallianz Holdings said on Monday that it expects to post a net loss for the second quarter ended Sept 30.
In a bourse filing, the group said the losses are due mainly to the decline in profit margins from its chartering business.
Vallianz provides offshore support vessels and offshore marine solutions to the oil and gas industry. The board advised shareholders and potential investors to exercise caution when dealing in the securities of the company.
Vallianz shares closed up 0.11 Singapore cent or 0.94 per cent to S$0.108 before the profit guidance was issued.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Toyota hits record annual output, sales on robust demand
Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Nissan, Mazda roll out new models for China as they aim for comeback
South Korea readies new system to detect illegal short-selling
Axiata, Sinar Mas move closer to US$3.5 billion telco merger