Cedar Strategic warns of net loss for FY14
Due to the disposal of Trechance Holdings.
Catalist-listed real estate firm Cedar Strategic warned shareholders that it will book a net loss for FY14, on back of the proposed disposal of Trechance Holdings.
The loss will materialize if the disposal is successfully completed and made effective from a date that falls within FY2014.
“Further details of the Group’s financial performance will be disclosed when the Company finalises and announces its unaudited financial results for FY2014 on or before 30 April 2015, assuming that the Company’s application for the extension of time to announce the Company’s financial results for FY2014 is granted,” Cedar noted in a statement.