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ENERGY & OFFSHORE | Staff Reporter, Singapore

Technics Oil & Gas raises alarm for Q1 profits

It’s expecting an operating net loss.

Technics Oil & Gas has raised the alarm regarding its 1QFY16 profits.

According to the company’s media release, it is expecting to see an operating net loss during the quarter based on preliminary financial figures.

The company advises shareholders and potential investors to consult with their bankers, stockbrokers and other professional advisers.

"Further details of the Group’s performance will be disclosed when it announces its Q1FY2016 unaudited financial results. Shareholders and potential investors of the Company are as such advised to exercise caution when dealing in the Company’s shares,” stated Technics Oil & Gas.

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