Armarda Group warns of loss
No thanks to low sales and professional expenses.
Following a preliminary assessment, the Board of Directors of Armarda Group Limited announced that the Group expects to remain loss making and report a loss for the second quarter of FY2013 ended 30 September 2012.
According to the announcement, the loss is mainly attributed by low sales and professional expenses incurred in relation to current corporate actions and projects.
Results are expected to be released in the middle of November 2012.