Brief: Global Invacom Group Says Co Will Remain Operationally Profitable In FY19

Global Invacom

15/01/2020 01:16

Jan 15 (Reuters) - Global Invacom Group Ltd  GLOB.SI :
    * WILL REMAIN OPERATIONALLY PROFITABLE IN FY2019
    * WILL RECORD ONE-OFF NON-CASH WRITE-OFFS, IMPAIRMENTS AND
OTHER
CHARGES IN FY2019
    * GLOBAL INVACOM EXPECTS TO RECORD A NET LOSS COMPARED TO A
NET
PROFIT OF US$1.5 MILLION IN FY2018
    * CONTRIBUTION OF DOS PRODUCTS TO TOTAL TURNOVER WILL CROSS
50%
FOR FIRST TIME IN FY2020
    * WILL COMPLETE RELOCATION OF CHINA OPERATIONS TO
PHILIPPINES BY
Q2 FY2020
    * GROUP EXPECTS ITS OPERATIONAL AND FINANCIAL PERFORMANCE IN
FY2020 TO IMPROVE COMPARED TO FY2019

Source text for Eikon:  ID:nSNZ1mwSZw 
Further company coverage:  GLOB.SI 

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