Saturday, October 31, 2015

IFS Capital sees higher loss in 3Q

Financial group IFS Capital warned that it expects a higher loss for 3Q, and this would result in a net loss for 9MFY15 ended September.

The poorer performance was attributed to fair-value loss on quoted equity shares from weak market sentiment and higher specific allowances for loan and receivable losses.

The stock last traded on Oct 29 at 35 cents.

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