Acma Ltd. provided group earnings guidance for the fourth quarter and year ended December 31, 2014. The company expects losses in fourth quarter and financial year 2014 primarily arose from impairment provision in respect of the group's investment in its associated company, Neftech Pte Ltd. Since the release of the group's results for third quarter, there has been a significant decline in global fuel prices with the price of CST 380, the most commonly used fuel for the shipping industry, dropping from approximately USD 591 per metric ton at the end of September 2014 to about USD 306 per metric ton as at the end of January 2015.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.02 SGD | -4.76% | -9.09% | -31.03% |
May. 20 | ACMA Makes Amendment to Conditional Sale and Purchase Agreement with SSH Corporation | MT |
Apr. 29 | Acma Ltd. Appoints Yap Ching Heng Andrew as an Independent Non-Executive Director | CI |
1st Jan change | Capi. | |
---|---|---|
-31.03% | 630K | |
+7.23% | 1.19B | |
-18.99% | 1.11B | |
-17.86% | 796M | |
-40.72% | 702M | |
+29.26% | 573M | |
-19.41% | 515M | |
+7.28% | 473M | |
+1.99% | 458M | |
-26.26% | 424M |
- Stock Market
- Equities
- AYV Stock
- News Acma Ltd.
- Acma Ltd Provides Group Earnings Guidance for the Fourth Quarter and Year Ended December 31, 2014