Soon Lian and LH Group issue profit warning

SINGAPORE (Feb 2): Soon Lian Holdings and LH Group issued profit warnings after trading hours on Thursday, and informing shareholders that they will be incurring a loss for the full year to December.

Soon Lian said that its losses were due to the fall in sales revenue arising from the challenging market conditions and a provision for doubtful debts, and will release its full financial performance by March 1.

LH Group did not furnish any details on the losses but added that it would incur a loss in 4QFY16 as well. Its results would be released by Feb 7.

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