Satu Holdings Limited Provides Unaudited Consolidated Financial Guidance for the Nine Months Ended 31 December 2019
January 24, 2020 at 02:12 pm IST
Satu Holdings Limited provided unaudited consolidated financial guidance for the nine months ended 31 December 2019. The company expected that the loss attributable to the Shareholders for the nine months ended 31 December 2019 increased by approximately 120% compared to the nine months ended 31 December 2018. The expected loss is mainly due to (i) a decrease in sales orders from two major customers; (ii) a lower gross profit margin recorded; and (iii) an increase in the depreciation of property, plant and equipment.