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News: 8IH 8I Holdings Sees Net Loss For HY2019 In Range Of S$8M To S$9M

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    Nov 28 (Reuters) - 8I Holdings Ltd (8IH) :

    • EXPECTED NET LOSS FOR HY2019 TO BE IN RANGE OF S$8M TO S$9M
    • EXPECTED LOSS IS MAINLY ATTRIBUTABLE TO REDUCTION IN VALUATION OF COMPANY'S MARK-TO-MARKET INVESTMENTS IN QUOTED SECURITIES
    • COMPANY HAS MADE A ONE-OFF IMPAIRMENT OF GOODWILL ACQUIRED THROUGH BUSINESS COMBINATION AMOUNTING TO S$1.6MLN
    • EXPECTED HY2019 REVENUE OF APPROXIMATELY S$9M TO S$10M
 
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