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Mascotte Holdings Ltd Comments On FY 2013 Earnings Guidance


Tuesday, 14 May 2013 10:00am EDT 

Mascotte Holdings Ltd announced that it expected to record a loss for fiscal 2013. Based on the information currently available to the Group, the loss for fiscal 2013 is mainly attributable to (i) the finance costs; (ii) the fair value losses on derivative financial instrument; (iii) the fair value losses (though decreased as compared to the year ended March 31, 2012) in financial assets at fair value through profit or loss; (iv) the loss on early redemption of consideration bonds; and (v) the impairment loss on the Group’s polycrystalline silicon’s business. 

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