CFM Holdings Limited provided earnings guidance for the full year ended 30 June 2015. Based on the preliminary figures, the group expects to record a net loss after tax for 30 June 2015 as compared to the profit after tax for the previous corresponding financial year ended 30 June 2014, mainly due to: Decline in revenue and gross profit margin mainly due to: Global decrease in demand from some of the Company's key customers in the metal stamping segment; Some of the metal stamping's customers' products have reached its end of product life; and loss of some higher margin products. Increase in administrative expenses mainly due to higher salaries, depreciation charges and professional fees in relation to acquisition of a new subsidiary in January 2015 and purchase of a leasehold property in Malaysia in March 2015.
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5-day change | 1st Jan Change | ||
0.078 SGD | 0.00% |
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+4.00% | -8.24% |
02/02 | CFM Holdings Posts Lower Attributable Profit in Fiscal H1 | MT |
01/02 | CFM Holdings Limited Appoints Goh Xun Er as Joint Company Secretary | CI |
1st Jan change | Capi. | |
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-8.24% | 11.71M | |
+14.89% | 88.59B | |
+18.24% | 70.02B | |
+27.57% | 39.8B | |
+20.06% | 33.29B | |
+3.53% | 26.84B | |
+10.01% | 26.61B | |
-0.83% | 25.84B | |
+20.27% | 25.42B | |
+2.58% | 22.5B |
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