Lion Asiapac Flags Loss in Fiscal Q1; Shares Plunge 32%

MT Newswires

10/17

Lion Asiapac (SGX:BAZ) is expecting to book a loss in the first fiscal quarter ended Sept.30, according to a Friday filing with the Singapore Exchange.

The company has attributed this to the realization of foreign currency exchange reserve due to the disposal of a subsidiary.

Shares of the company plunged nearly 32% at the close of trading on Friday.

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