The Board of Directors of PS Group Holdings Ltd. announced that based on a preliminary review of the management accounts of the Group, the Group is expected to report a net loss for the financial year ending December 31, 2015. The net loss for fiscal year 2015 that is expected is mainly due to the (i) write-down of inventories; (ii) the downward pressures on margins resulting from the strengthening of the USD against the Singapore dollar, which is the Group's functional and reporting currency; (iii) competitive markets amid economic uncertainty; as well as (iv) negative contribution from the newly incorporated 90%-owned subsidiary, PS Components Pte. Ltd. due to start-up costs that were incurred during the year.
PS Group Holdings Ltd.
Equities
PSGH
SG2F90994508
Industrial Machinery & Equipment
1st Jan change | Capi. | |
---|---|---|
+7.67% | 43.13B | |
-1.36% | 36.65B | |
+8.38% | 7.25B | |
+17.53% | 7.13B | |
-15.73% | 4.79B | |
+19.26% | 1.46B | |
-3.17% | 1.43B | |
+0.16% | 1.4B | |
+14.80% | 1.09B |