PROFIT GUIDANCE FOR THE FOURTH QUARTER ENDED 31 MARCH 2019
The Board of Directors of CSC Holdings Limited (the "Company") wishes to announce that based on the preliminary review of the draft unaudited consolidated financial results for the fourth quarter ended 31 March 2019 ("4QFY19"), the Company and its subsidiaries (collectively referred to as the "Group") is expected to report a net loss for 4QFY19. The net losses incurred as a result of strict requirements and difficult working conditions on a particular project which resulted in cost overruns.
Further details of the Group's performance will be disclosed when the Company announces its results for 4QFY19.
Shareholders are advised to act cautiously when dealing with their securities in the Company and when doing so should consider the financial results of the Group for 4QFY19. If in doubt, about the action that they should take, shareholders should seek advice from their stockbrokers, bankers, solicitors, accountants, tax advisers or other professional advisers.
By Order of the Board
Lee Quang Loong
7 May 2019