Wison Engineering Services (02236) said it expects to record a substantial decrease in profit for the year ended 31 December 2016 as compared to the previous financial year.
The company have reassessed the recoverability of certain overdue gross amounts due from contract customers and considered that making a provision of an expected amount not exceeding Rmb800 million for impairment of gross amounts due from contract customers is appropriate. Such provision will cause the Group's profit to substantially decline for the year 2016.
24/02/2017 10:54
Wison Engrg (02236) sees substantial drop in annual profit
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