Luxury-car EuroSports warns of half-year loss

EuroSports Global executive chairman and CEO Melvin Goh (left) and executive director and deputy CEO Andy Goh at the listing ceremony held outside SGX Centre in Shenton Way on Jan 17, 2014. -- ST PHOTO FILE
EuroSports Global executive chairman and CEO Melvin Goh (left) and executive director and deputy CEO Andy Goh at the listing ceremony held outside SGX Centre in Shenton Way on Jan 17, 2014. -- ST PHOTO FILE

Singapore - Ultra-luxury and luxury car distributor EuroSports Global said on Monday it expects to report a loss for the half year ended 30 September 2014, mainly due to a decrease in the sales of automobiles as compared to the corresponding period last year.

The Lamborghini Gallardo has reached the end of its life cycle and the group has launched, as its replacement, the new Lamborghini Huracan in the month of September 2014, the company added in its statement to the Singapore Exchange.

EuroSports Global said it would disclose its half-year results "in due course".