Equity Investment Singapore:Global Invacom issues profit warning for FY16

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Global Invacom Group has issued a benefit cautioning in suspicion of reporting a net misfortune for FY16, fundamentally because of the union of its assembling operations in China.

In a Thursday documenting to the SGX, the satellite interchanges supplier says it hopes to bring about coincidental shutdown costs of roughly US$3 million ($4.3 million) for the conclusion of Radiance Electronics (Shenzhen).

As per Global Invacom, the union will “mean enhanced gross edges and operational cost efficiencies” in FY17 and past.

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