BRC Asia's board expects company to turn a profit in Q3

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

BRC Asia's board expects company to turn a profit in Q3.

MAINBOARD-LISTED steel dealer BRC Asia should return to the black in its third quarter, helped by its purchase of industry peer Lee Metal, the board told shareholders on Wednesday.

Commercial and cost synergies from the Lee Metal acquisition,"as well as an improving business environment", helped to lift the latest quarterly performance, the board said. BRC had reported a wider loss of S$7.74 million for the same period in the previous year, which the board attributed to contract provisions and impairment of receivables from the acquisition.

But BRC is now expected to report higher profits for the third quarter and nine months to June 30, the board said in its profit guidance on the Singapore Exchange website.Unaudited financial results are expected to be released by Aug 14."In the meantime, shareholders and investors are advised to exercise caution when dealing in the shares of the company," the board added.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 15. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Asia stocks higher ahead of Fed, pound pressured by fresh Brexit painAsian stocks edged up on Tuesday as equity investors prepared for an expected U.S. interest rate cut this week while heightened concerns in ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Synagie to manage sporting goods giant's e-commerce business in S-E AsiaHOMEGROWN e-commerce startup Synagie has inked an agreement with Amer Sports Malaysia Sdn Bhd to manage its e-commerce platforms business in South-east Asia, the Catalist-listed firm announced in a press statement on Wednesday. Read more at The Business Times.
Sumber: BusinessTimes - 🏆 15. / 51 Baca lebih lajut »