King Wan Corporation Limited Provides Group Earnings Guidance for the Fourth Quarter and Full Year Ended March 31, 2018
May 11, 2018 at 02:44 pm IST
King Wan Corporation Limited provided Group earnings guidance for the fourth quarter and full year ended March 31, 2018. For the period, the Group's core Mechanical and Electrical Engineering (M&E) business continues to contribute positively to the Group's results, the Group expects to report a loss for fourth quarter of 2018 and fiscal year of 2018, primarily attributable to the following reasons; allowance for loans made to an associate operating a workers' dormitory in Singapore and allowance for loans made to an associate involved in property development in the People's Republic of China.