Friday, October 19, 2012

Profit warnings

Profit warnings: a) Jason Marine – will record a net loss for 1HMar13, mainly due to weak sales, as overall operating conditions remain difficult against a backdrop of weak demand, intense price competition and rising costs. Mgt also expects 2H12 revenues to remain weak. b) SP Corp – expects to report loss for 3Q12, even though 9M12 is to remain profitable. Attributes 3Q12 loss to certain one-off costs incurred by the Geotechnical & Soil Investigation Unit in connection with the downsizing of its Spore operations.

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