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Serial Achieva Forecasts First-Half Net Loss

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Serial Achieva (SGX:XHV) expects to report a net loss for the half-year ended June 30, dragged by unrealized foreign exchange losses incurred by the Group's Thailand subsidiary, according to a Tuesday filing to the Singapore stock exchange.

The subsidiary's results were impacted by the weakening of the Thai baht against the US dollar.

However, the group expects to report stronger gross profit for the first half, while the net loss attributable to shareholders is expected to be lower than that reported in the corresponding period last year.

The consumer and enterprise information technology products distributor expects to release its results by Aug. 14.

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