The Board of Directors of Southern Packaging Group Limited announced a profit warning statement in respect of the unaudited financial results of the Company and its subsidiaries for the financial year ended December 31, 2014. The Group expects to report a loss in its unaudited financial results for FY2014. Based on the preliminary financial figures, the loss expected to be reported in FY2014 is primarily attributed to: the share of loss arising from an associated company and the impairment in the carrying value of the investment in the said associated company; and the lower demand for packaging materials in the People's Republic of China coupled with higher operating costs.
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5-day change | 1st Jan Change | ||
0.575 SGD | +2.68% |
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-.--% | -4.17% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-4.17% | 29.93M | |
-0.21% | 13.89B | |
+14.24% | 9.36B | |
-12.30% | 6.76B | |
+34.00% | 1.48B | |
+14.96% | 1.44B | |
-21.64% | 1.19B | |
+7.23% | 1.05B | |
-33.08% | 886M | |
+85.26% | 901M |
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- Southern Packaging Group Limited Announces Earnings Guidance for the Financial Year Ended December 31, 2014