Ocean Sky braces for loss, issues profit guidance for FY14
Due to claims on warranties from Sunny Force Limited.
Mainboard-listed Ocean Sky today issued a profit guidance on back of an expected net loss in FY14.
The loss is mainly attributable to the finalisation of claims on warranties from Sunny Force Limited in relation to the disposed apparel operations, which was offset, to a large extent, by fair value gain on investment property.
Further details of the Group’s financial performance will be furnished when the unaudited financial results for FY2014 are announced on or before 1 March 2015.