Natural Cool Holdings Limited Announces Earnings Guidance for the Financial Year Ended December 31, 2017
February 21, 2018 at 09:56 am
Natural Cool Holdings Limited announced the preliminary review of the Group's unaudited financial results for the financial year ended 31 December 2017, the Group is expected to report a net loss for fiscal year 2017. The expected net loss for fiscal year 2017 is mainly attributable to higher legal and professional fees relating to corporate exercises completed in the year, ongoing claims and litigation, impairments to property and related immovable plant and equipment arising from the planned sale of 38 Lok Yang Way, impairments to other investments, and onerous contract provisions.