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Euroz expects to report fiscal H1 net loss

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Euroz expects to report fiscal H1 net loss

Euroz Ltd. expects a net loss for the six month-period to Dec. 31, 2018, as difficult and volatile markets impacted its headline profitability.

The company said it expects an unaudited after-tax net loss of approximately A$2.1 million for the fiscal half, compared to a net profit of A$13.7 million in the six months to Dec. 31, 2017. The company added that its underlying cash profit of A$6.8 million was offset by A$8.9 million in after-tax non-cash losses from the mark-to-market on investments.