Allied Electronics Corporation Limited provided earnings guidance for the financial year ended 28 February 2015. The company announced the headline earnings per share for the financial year ended 28 February 2015 are expected to remain more than 40% lower (less than 113 cents) as against the previous corresponding period of 188 cents. The company also announced, as part of its year-end audit process, is conducting various impairment tests pursuant to which shareholders are advised that a reasonable degree of certainty exists that the company's basic earnings per share for the financial year ended 28 February 2015 are now expected to be more than 95% lower (less than 10 cents) (as opposed to the 50% (less than 96 cents) announced on 22 January 2015) compared to the corresponding period of 192 cents.
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- Allied Electronics Corporation Limited Provides Earnings Guidance for the Financial Year Ended 28 February 2015