Cosmosteel warns of loss for Q1
Blame it on sluggish demand.
Mainboard-listed Cosmosteel Holdings has issued a profit guidance warning investors that it expects to book a loss for the first quarter of its financial year.
The group blamed sluggish market conditions for its inability to make a profit, saying that demand is “insufficient to cover the fixed operating costs” of the group.
The group will unveil its full results on or before February 12.