GMG Global warns of expected loss in Q3
Low rubber prices are to blame.
The Board of Directors of GMG Global has issues a profit warning on the Group’s financial results for the third quarter ended 30 September 2014.
An announcement on the SGX stated that the expected loss is attributed to lower average selling price of natural rubber in the third quarter.
Further details of the Group’s financial performance will be disclosed when the Company announces its unaudited financial results for the third quarter on or before November 14.