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Ipco sounds FY18 loss warning

PC Lee Published on Thu, Jun 28, 2018 / 8:57 AM GMT+8

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SINGAPORE (June 28): Ipco International, the turnkey contractor in the oil & gas industry, expects to post a net loss for the 2018 fiscal year ended April.

In a filing this morning, Ipco attributed the expected loss to the impairment of intangible assets and the translation effect on the operations of the group's foreign currency denominated subsidiaries.

The group is releasing its FY18 financial results on or before June 30.

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