This printed article is located at
http://rhpetrogas.listedcompany.com/news.html
News
PROFIT GUIDANCE FOR HALF-YEAR ENDED 30 JUNE 2008
The Board of Directors (the "Board") of Tri-M Technologies (S) Limited (the "Company") refers to the Company's full-year results announcement released on 29 February 2008 and the Company's quarterly update announcement pursuant to Rule 1313(2) of the Listing Manual, released on 30 May 2008.
The Board wishes to announce that, further to a review of the Group's financial position for the five months ended 31 May 2008, the Group's loss before exceptional items for the half-year ended 30 June 2008 ("HY2008") will not be lower than that for the half-year ended 30 June 2007 ("HY2007"). This is principally due to the deteriorating business environment and outlook for the current period as well as additional depreciation provisions made in HY2008 which were not made in HY2007.
The Company is currently taking steps to remove itself from the SGX Watchlist and improve its financial position with the proposed acquisition of Kingsworld Resources Limited. The Board will make further announcements to update the shareholders on the proposed acquisition and the Company's financial position, as and when there are material developments.
BY ORDER OF THE BOARD
Foo Sac Phoon
Chief Executive Officer & Executive Director
10 July 2008