Financial Statements and Related Announcement::Profit Guidance
Issuer & Securities
Issuer/ Manager
MIYOSHI LIMITED
Securities
MIYOSHI LIMITED - SG1J04885492 - M03
Stapled Security
No
Announcement Details
Announcement Title
Financial Statements and Related Announcement
Date &Time of Broadcast
12-Oct-2018 18:35:14
Status
New
Announcement Sub Title
Profit Guidance
Announcement Reference
SG181012OTHR6NUY
Submitted By (Co./ Ind. Name)
Khoo Teck Soon
Designation
CFO
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
Following a preliminary assessment of the Group's unaudited financial statements for the full year ended 31 August 2018 ("FY2018"), the Board of Directors of Miyoshi Limited (the "Company" or together with its subsidiaries, the "Group") would like to issue a profit guidance that the Group expects to report a lower profit for FY2018 as compared to the previous financial year. The lower profit is mainly attributable to the loss-making operations of the Group s subsidiaries in Thailand and Malaysia. Pursuant to the Group s annual impairment review, any impairment arising from, inter alia, the aforementioned loss-making subsidiaries would impact the Group results.
Further details of the Group's financial performance will be disclosed when the Company announces its unaudited full year financial results on or before 26 October 2018.
BY ORDER OF THE BOARD
Andrew Sin Kwong Wah
Executive Director and CEO
12 October 2018
This document has been prepared by the Company and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), this being the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this document.
The document has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this document including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Mr Ken Lee, Associate Director, Investment Banking. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.
Additional Details
For Financial Period Ended
31/08/2018
Attachments
20181012_SGXannProfitGuidance.pdf
Total size =722K
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