Biscuit manufacturer Khong Guan has issued a profit warning that it expects to report a net loss for its FY2021 ended 31 July. 

Based on the preliminary review of its draft unaudited consolidated financial results for FY2021, the loss is attributed to a decrease in the share of results of its associate in Malaysia,” the company said.

See: Khong Guan to acquire 30% of shares in plant-based meat alternative company for $1.5 mil

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook