Announcement Title | General Announcement |
Announcement Subtitle | PROFIT WARNING ON THE UNAUDITED FINANCIAL RESULTS |
Securities | MDR LIMITED (MDR) |
Date & Time of Broadcast | Feb 6, 2015 18:42 |
Submitted By | Madan Mohan Company Secretary |
Description | The Board of Directors (the "Board" ) of mDR Limited (the "Company" and together with its subsidiaries, the "Group" ) wishes to announce that the Group expects to record a net loss for the financial year ended 31 December 2014 ("FY2014") as compared to the corresponding financial year ended 31 December 2013. The expected net loss for FY2014 is mainly attributable to goodwill impairment of certain of its investments, and provision for restructuring costs, slow-moving inventory and doubtful debts. This profit warning is based on a preliminary review of the unaudited financial results of the Group. Further details of the Group's performance will be disclosed when it has finalised its unaudited financial results for FY2014 on or before 26 February 2015. |
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