Door-maker KLW Holdings likely to post net loss for FY2019.
DOOR-MAKER KLW Holdings is expected to report a net loss for the financial year ended March 31, going by the preliminary review of its draft financial results for FY2019.
In a regulatory filing on Friday night, the Catalist-listed company issued guidance on its FY2019 financial results, saying"the losses are mainly due to a decline in revenue from the door business". The company is still in the process of finalising its results for FY2019, which will be released by May 30.
It was in the news recently over a claim of S$7.8 million from investor Michael Chan Ewe Teik and his company Straitsworld Advisor for legal costs and the commitment fees paid under an unauthorised term sheet for a property development project in Zhangye Gansu, China. In the settlement proposal dated Nov 29 last year, Mr Chan was meant to pay by three instalments of S$1 million, S$1.5 million and S$5.3 million.
However, KLW has failed to get the cheque for the S$1 million payment cleared because it was dishonoured upon presentation, the company said in an earlier regulatory filing.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
In western France, a village remembers D-Day's 'secret massacre'GRAIGNES, France: The lost US paratrooper tapped on the door of the Rigault family's farmhouse in Normandy in the early hours of Jun 6, 1944, ...
Read more »
CSC Holdings Q4 losses deepen to S$6.9m on cost overrunsGEOTECHNICAL engineering firm CSC Holdings sank further into the red, with losses deepening 20.6 per cent to S$6.9 million for the fourth quarter ended March, the company announced on Thursday. Read more at The Business Times.
Read more »
Jasper deepens net losses in FY19 due to delay in China infrastructure projectsJASPER Investments on Saturday reported deepened net losses of US$664,000 for its 12 months ended March 31, 2019, from a US$25,000 net loss a year ago. Read more at The Business Times.
Read more »
SingHaiyi posts 47.6% rise in Q4 net profit to S$9.74mREAL estate group SingHaiyi on Wednesday announced that Q4FY19 net profit rose 47.6 per cent year-on-year to S$9.74 million. Read more at The Business Times.
Read more »
US holding Iranian scientist 'hostage' for seven months, says his brotherTEHERAN (AFP) - The US has detained an Iranian scientist for nearly seven months for allegedly attempting to ship growth hormones, Iranian media said on Sunday (May 19), quoting his brother as saying he is being held 'hostage'.. Read more at straitstimes.com.
Read more »
Yorkshine Holdings to appeal delisting notice from SGXTHE Singapore Exchange (SGX) will proceed to delist Yorkshine Holdings following its failure to comply with criteria to exit from the bourse's watchlist, the company announced in a filing on Thursday. Yorkshine intends to appeal against this decision. Read more at The Business Times.
Read more »
Exclusive: JPMorgan cuts ties with OxyContin maker Purdue Pharma - sourcesJPMorgan Chase & Co has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new ...
Read more »
China to prosecute former chairman of luxury liquor maker Kweichow Moutai for graftBEIJING (REUTERS) - China will prosecute the former deputy party secretary and chairman of luxury liquor maker Kweichow Moutai, the ruling Communist Party's graft buster said on Wednesday (May 22).. Read more at straitstimes.com.
Read more »
China to prosecute former chairman of luxury liquor maker for graftBEIJING: China will prosecute the former deputy party secretary and chairman of luxury liquor maker Kweichow Moutai, the ruling Communist Party's ...
Read more »
Chinese electric-bus maker completes US$20m investment in Dragon Group unitSTRUGGLING electronics engineering firm Dragon Group International said on Monday night that Chinese electric-bus manufacturer Zhuhai Yinlong Energy (YLE) has completed its US$20 million share subscription in Dragon’s unit EoCell as of May 20. Read more at The Business Times.
Read more »
Smartphone maker Xiaomi's first-quarter revenue jumps 27per cent, beats estimatesChinese smartphone maker Xiaomi Corp reported better than-expected quarterly revenue on Monday due in part to steady growth in sales outside its ...
Read more »