Advanced Systems Automation warns of profit loss

But it has yet to reveal the amount.

According to a releasea, Advanced Systems Automation issued a profit warning regarding the financial results of the Group for the financial year ended 31 December 2012.

The group is expected to report a net loss for FY2012 mainly due to the decrease in the group’s revenue compared to the prior financial year as a result of the weak market demand for the group’s Equipment and Equipment Contract Manufacturing Services businesses arising from the current poor global economic environment.

The profit guidance is based on a preliminary review of the draft management accounts of the group for FY2012. Further details of the group’s financial performance will be disclosed when the company finalises and announces its unaudited financial results for FY2012 on or before 1 March 2013.