Jubilee Industries reveals profit warning
It blames its lower revenue.
According to an SGX announcement, the Board of Directors of Jubilee Industries Holdings issued a profit warning regarding the unaudited full year financial results of the Company and its subsidiaries for the financial year ended 31 December 2012.
Based on its preliminary review, the Group is expected to report a net loss for the Full Year Results, mainly due to lower revenue.
Further details of the Group’s financial performance will be disclosed when the Company announces its Full Year Results, which will be no later than 1 March 2013.