Travelite warns of loss

There was lower demand for the Group’s products.

The Board of Directors of Travelite Holdings Ltd. issued a profit warning with respect to its unaudited financial results for the half year ended 30 September 2012. Following a preliminary assessment of the Group’s financial results, the Directors advised shareholders that the Group expects to register a net loss in 1H FY2013.

According to the warning, the profitability of the Group in 1H FY2013 was mainly affected by lower demand for the Group’s products caused by a slowdown in the growth of global economy as well as pressure on the Group’s profit margins in view of escalating costs.

The company’s unaudited financial results for 1H FY2013 will be announced on or before 14 November 2012.