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KINGBO STRIKE (01421) expected to record S$10M loss
11 Sep 2019
(Infocast News) Kingbo Strike Limited (01421) is expected to record a loss ranging from S$9 million to S$10 million for the year ended 30 June 2019, as compared to a loss of S$1.8 million for the corresponding period in 2018.

The expected loss was primarily due to the combined effect of:

1. Impairment of goodwill of not more than S$4.5 million in 2019.

2. Fair value loss on held for trading investments of S$6.1 million in 2019.

3. Improvement in solar power business segment results to S$6.7 million in 2019. (WL)
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