Lorenzo International Limited provided earnings guidance for the six months ended June 30, 2015. For the period, the board of directors of the Group is expected to report a net loss for the six months ended June 30, 2015. The deterioration in the Group's results was mainly due to several negative trends converging at the same time including: a further weakening in global demand resulting in poorer export sales; generally weaker consumer demand for furniture in core market such as Malaysia due to recent Goods and Services Tax implementation plus weakening of the Malaysian currency.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.016 SGD | +23.08% | -.--% | -.--% |
1st Jan change | Capi. | |
---|---|---|
-.--% | 5.19M | |
+45.32% | 18.54B | |
-8.00% | 12.31B | |
-6.71% | 4.84B | |
+0.36% | 2.82B | |
+58.73% | 2.53B | |
+20.32% | 1.1B | |
+12.82% | 787M | |
+12.16% | 769M | |
-5.59% | 592M |
- Stock Market
- Equities
- 5IE Stock
- News Lorenzo International Limited
- Lorenzo International Limited Provides Earnings Guidance for the Six Months Ended June 30, 2015