Isetan Singapore is expecting to report a net loss for FY2015, following a preliminary review of its unaudited consolidated financial results for the financial year to December.
Isetan’s management says it is expected to report a “substantially higher net loss for FY2015” compared with its results in FY2014, due to lower sales, higher rental expense and lower other income.
At the same time, the group is in the midst of making an assessment for the provision of impairment loss for property, plant and equipment. If there is a need to provide for an impairment loss, there would be further negative impact on the group’s results, it adds.
Isetan’s management says that further details will be disclosed when the group’s results are released on Feb 29, and shareholders and investors are advised to exercise caution when dealing with its shares.
Isetan’s shares closed unchanged at $4.35.
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Isetan’s management says it is expected to report a “substantially higher net loss for FY2015” compared with its results in FY2014, due to lower sales, higher rental expense and lower other income.
At the same time, the group is in the midst of making an assessment for the provision of impairment loss for property, plant and equipment. If there is a need to provide for an impairment loss, there would be further negative impact on the group’s results, it adds.
Isetan’s management says that further details will be disclosed when the group’s results are released on Feb 29, and shareholders and investors are advised to exercise caution when dealing with its shares.
Isetan’s shares closed unchanged at $4.35.
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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