General Announcement::PROFIT WARNING IN RELATION TO THE FINANCIAL RESULTS FOR THE FINANCIAL YEAR ENDED 30 APRIL 2014

Issuer & Securities

Issuer/ Manager
IPCO INTERNATIONAL LIMITED
Securities
IPCO INT'L LIMITED - SG1C67001091 - I11

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
20-Jun-2014 17:33:16
Status
New
Announcement Sub Title
PROFIT WARNING IN RELATION TO THE FINANCIAL RESULTS FOR THE FINANCIAL YEAR ENDED 30 APRIL 2014
Announcement Reference
SG140620OTHRF3U9
Submitted By (Co./ Ind. Name)
Carlson Clark Smith
Designation
Executive Director and Chief Financial Officer
Effective Date and Time of the event
20/06/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
PROFIT WARNING IN RELATION TO THE FINANCIAL RESULTS FOR THE FINANCIAL YEAR ENDED 30 APRIL 2014

The Board of Directors of Ipco International Limited (the "Company") wishes to announce that the Company and its subsidiaries (collectively, the "Group") are expected to report a loss before tax for the Full Financial Year ended 30 April 2014.

Based on a preliminary review of the Group's performance, the loss is mainly attributable to:

1) Unrealised fair value loss on financial assets at fair value through profit or loss; and

2) Allowance for impairment loss on Available-for-sale financial assets.

The Group is in the process of finalising its full Year Financial Results for FY2014, which will be released on or before 29 June 2014.

In the meantime, the Board of Directors wishes to advise shareholders and investors to exercise caution when dealing in the shares of the Company.


BY ORDER OF THE BOARD
Carlson Clark Smith
Executive Director and Chief Financial Officer
20 June 2014