Loyz Energy warns of loss
Largely to blame is the business expansion in one division.
The Board of Directors of Loyz Energy Limited issued a profit warning regarding the financial results of the company and its subsidiaries for the financial quarter ended 30 September 2012.
The Group is expecting to report a loss for Q1 FY2013, mainly due to operating expenses incurred from the business expansion in the oil and gas division.
The profit warning is based on a preliminary review of the unaudited financial results of the Group.