• 2013 February 1 16:08

  JES International Holdings posts preliminary review of the draft financial results

  

  The Board of Directors of JES International Holdings Limited , having conducted a preliminary review of the draft financial results of the Group for the financial year ended 31 December 2012 (“FY2012”), would like to inform shareholders that the Group is expected to incur a loss for FY2012, according to media release.
  Based on available information, the Group has made prudent charges and provision for liquidated and ascertained damages over late delivery of some vessels and reduced contract prices for certain vessels due to present climate in the industry which has resulted in a significant loss for 4th quarter of FY2012. As such, FY2012 will incur a loss.
  The Company will be announcing its financial results for FY2012 by 1 March 2013. Further details of the Group’s performance shall be disclosed in the announcement. 

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