Financial Statements and Related Announcement::Profit Guidance

Issuer & Securities

Issuer/ Manager
SIM LIAN GROUP LIMITED
Securities
SIM LIAN GROUP LIMITED - SG1J19886816 - S05
Stapled Security
No

Announcement Details

Announcement Title
Financial Statements and Related Announcement
Date &Time of Broadcast
22-Oct-2015 20:44:50
Status
New
Announcement Sub Title
Profit Guidance
Announcement Reference
SG151022OTHR12K9
Submitted By (Co./ Ind. Name)
Ang Lay Hua
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
The Board of Directors of Sim Lian Group Limited (the "Company" and collectively with its subsidiaries, the "Group") wishes to advise that, based on a preliminary review of the unaudited management accounts of the Group, the Group is expected to record a significant reduction in profit before income tax and a net loss for the quarter ended 30 September 2015 ("1QFY2016"), as compared with the same period in 1QFY2015.

The significant reduction in profit before income tax and net loss are mainly attributable to loss on foreign exchange during the quarter ended 30 September 2015 as well as lower revenue following the adoption of INT FRS 115 with effect from 1 July 2010.

The Company is still in the process of finalising the consolidated results of the Group for the 1QFY2016. This profit guidance announcement is only a preliminary assessment by the Directors based on the information currently available. Further details of the Group's performance will be disclosed when the Company announces its unaudited financial results for 1QFY2016 in November 2015.

Shareholders and investors are advised to exercise caution when dealing in the shares of the Company.



On Behalf of the Board
Sim Lian Group Limited



Kuik Sin Pin
Group Chief Executive Officer
22 October 2015

Additional Details

For Financial Period Ended
30/09/2015

Attachments

SLG_Announcement.Profit.Guidance.pdf
Total size =24K