KLW warns of Q1 net loss on weaker sales in door business

📆 8/4/2019 7:29 AM
📰 BusinessTimes

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'The company is still in the process of finalising its results for Q1 FY2020 and will provide further details of the group's performance when it releases the financial results on or before Aug 14.'

DOOR-MAKER KLW Holdings warned over the weekend that it expects to post a net loss for the first quarter ended June 30, 2019.

"Based on the preliminary review of its draft financial results for Q1 FY2020, the losses are mainly due to decline in revenue from the door business. "The company is still in the process of finalising its results for Q1 FY2020 and will provide further details of the group's performance when it releases the financial results on or before Aug 14," KLW said in a regulatory filing on the Singapore Exchange website on Saturday.

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