Chaswood Resources

Chaswood Resources: profit warning. Expects to report a loss for FY2012 due mainly to the losses arising from expenses and goodwill written off as a result of the RTO exercise incurred in 1H12 and further losses in 2H12, which were mainly attributable to: a) Higher equipment written off as a result of closure of outlets; and b) Higher operating costs i.e. marketing and labour costs as well as pre-operating costs of new outlets opened as a result of expansion.