Far East Group Limited provided preliminary unaudited consolidated earnings guidance for the half year ended 30 June 2015. The group is expected to report a net loss for the first half of 2015. The net loss was primarily due to the following: the group is experiencing a slowdown in projects mainly in China which resulted in some orders being deferred to the second half of the financial year ending 31 December 2015; increasing labour costs and greater competition; and the group's unquoted investment not announcing any dividends in first half of 2015.
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- Far East Group Limited Provides Preliminary Unaudited Consolidated Earnings Guidance for the Half Year Ended 30 June 2015