Lion Asiapac is expecting to report a net loss for 1QFY2025 ended September, it says in a profit guidance filing.
The group says this comes on the back of lower orders from its trading business.
According to the filing, the company says further details will be disclosed in its financial results.
For its 4QFY2024, the group reported a net profit of $0.8 million, reversing from a loss of $0.6 million in 4QFY2023. The group’s revenue was also up 101% at $11.1 million in 4QFY2024, due to contributions from roofing supplies, lime sales and trading.
Shares in Lion Asiapac BAZ closed 0.5 cents higher, or up 1.92%, at 26.5 cents on Oct 21.
