Mainboard-listed Technics issues profit warning

Mainboard-listed Technics Oil & Gas issued on Monday a profit warning on its financial results for the fourth quarter period and full year ended September 30, 2014.

The company said that based on the preliminary financial figures, it is expected to report an operating net loss attributable to the equity holders of the Company for Q4 FY2014 and for FY2014 after taking into account the provision of impairment recommended by the auditors.

Further details of the group's performance will be disclosed when it announces its Q4 FY2014 and FY2014 unaudited financial results.

Shareholders and potential investors of the Company are as such advised to exercise caution when dealing in the Company's shares, it said. When in doubt, shareholders and potential investors are strongly advised to seek independent advice from their bankers, stockbrokers, solicitors or other professional advisers.