The board of directors of the Willas-Array Electronics (Holdings) Limited informed shareholders of the company and potential investors that the board has reason to believe that the company will record a consolidated loss for the six months ending September 30, 2015 as compared to a consolidated profit for the corresponding period in 2014. Based on the unaudited consolidated management accounts of the group for the period between April 1, 2015 and July 31, 2015, the Board has been informed that due to, inter alia, the company's share of loss of its associated companies, which will likely offset the overall positive result of the group's core business, this is expected to result in an overall net loss for the group on a consolidated basis for the six months ending September 30, 2015. The said share of loss of associated companies was primarily due to significant debtor provisions for doubtful debts and significant stock provisions for slow-moving stocks which the relevant associated companies have made and or will be likely to make during the said six-month period.