DRAGON GROUP INTERNATIONAL LIMITED : Miscellaneous :: Profit Warning

Dragon Group International Limited : Miscellaneous :: Profit Warning02/13/2013| 05:08am US/Eastern

MISCELLANEOUS

Like 0 0 0

* Asterisks denote mandatory information

Name of Announcer * DRAGON GROUP INTL LIMITED

Company Registration No. 199306761C

Announcement submitted on behalf of

Announcement is submitted with respect to *

DRAGON GROUP INTL LIMITED

DRAGON GROUP INTL LIMITED

Announcement is submitted by * DATO MICHAEL LOH SOON GNEE Designation * EXECUTIVE CHAIRMAN AND CEO Date Time of Broadcast 07-Feb-2013 18:38:53

Announcement No. 00183

gt;gt; ANNOUNCEMENT DETAILS

The details of the announcement start here …

Announcement Title * PROFIT WARNING

Description Please see attached document.

Attachments

DGI_Profit_Warning.pdf

Total size = 210K

(2048K size limit recommended)

DRAGON GROUP INTERNATIONAL LIMITED

PROFIT WARNING FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2012


The board of Directors (the Board) of Dragon Group International Limited (the Company and, together with its subsidiaries, the Group) deems it appropriate to issue a profit warning regarding the financial results of the Group for the financial year ended 31
December 2012 (FY2012).
Barring unforeseen circumstances and to the best of the Directors knowledge, the Group is expected to report a net loss for FY2012 mainly due to (i) the decrease in gross profit margin and (ii) impairment losses on the proposed disposal of all issued and paid-up ordinary shares in the share capital of Dragon Technology Distribution Pte Ltd (a wholly-owned subsidiary of the Company).
This profit guidance is based on a preliminary review of the draft management accounts of the Group for FY2012. Further details of the Groups financial performance will be disclosed when the Company finalises and announces its unaudited financial results for FY2012 on or before 1 March 2013.
Shareholders and investors are advised to exercise caution when dealing in the shares of the Company. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor, accountant or other professional advisers.
By Order of the Board
Dato Michael Loh Soon Gnee
Executive Chairman Chief Executive Officer
Dragon Group International Limited
7 February 2013

Comments are closed.