Shipbuilder Vard Holdings says the financial results for 3Q and the full year ending December may be “materially negatively” affected.
It issued the profit warning in reference to the disclosures given during 1Q and 2Q regarding the operational challenges at the Brazilian shipyards of the group, combined with the negative trend in the Brazilian economic and political environment.
The group’s unaudited financial results for 3Q will be announced on Nov 11.
Its shares closed at 48 cents on October 14.
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It issued the profit warning in reference to the disclosures given during 1Q and 2Q regarding the operational challenges at the Brazilian shipyards of the group, combined with the negative trend in the Brazilian economic and political environment.
The group’s unaudited financial results for 3Q will be announced on Nov 11.
Its shares closed at 48 cents on October 14.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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