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Bio-Dynamic Group Ltd Comments On FY 2012 Earnings Guidance


Tuesday, 29 Jan 2013 05:20am EST 

Bio-Dynamic Group Ltd announced that the Group for fiscal 2012 expects to show a substantial increase in loss as compared fiscal 2011. The increase in loss was mainly due to the increase in loss of the Group’s ethanol business resulting from the temporary suspension of the Group’s ethanol production facility from February 2012 to October 2012, and impairment of certain intangible assets and property, plant and equipment as the present value of the future cash flows expected to be derived from these assets based on their existing use may be less than their carrying value. 

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