Global Invacom Group Limited provided earnings guidance for the year ended December 31, 2015. For the year, the group expects to report net loss between USD 1.0 million and USD 2.0 million due primarily to the delay in sales to main customers in the U.S., U.K. and Asia during first half of 2015. Gross margins were affected due to the re-classification of export taxes for certain products that the Group is contesting, the weakening Malaysian Ringgit against the US dollar affecting its Malaysian operations and the lack of availability of good semi-conductor devices which delayed production and led to additional logistics costs.
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5-day change | 1st Jan Change | ||
0.047 SGD | +2.17% | 0.00% | 0.00% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
0.00% | 9.27M | |
-8.39% | 186B | |
+30.56% | 96.36B | |
+59.52% | 66.12B | |
+14.95% | 60.03B | |
+26.34% | 31.19B | |
+15.68% | 21.43B | |
+0.05% | 20.1B | |
+42.60% | 17.53B | |
+1.89% | 16.63B |
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