, Singapore

Novo Group warns of loss

No thanks to the decline in the Group’s trading business.

The board of directors of Novo Group Ltd. announced that the Group expects to record a loss in its unaudited consolidated interim results for the six months ended 31 October 2012.

The expected loss is mainly attributable to the decline in the Group’s trading business brought about by the fluctuating raw material prices, stagnating global market conditions, and the unpredictable economic situation due to heightening concerns of sovereign debt crisis in Europe throughout the period under review.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!