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CWX Global: Slated For Transformative Growth.

14 Nov 2017 11:35

Net loss in Q1FY18 mainly attributed to lower revenue and change in accounting treatment on finance costs previously capitalised under oil and gas properties. The change in accounting treatment has no impact on the Group's cash flow. Oil production and revenue expected to increase with approval of Production Area Licenses and rising oil prices. New businesses to be funded by Rights cum Warrants Issue, will propel the Group's growth...

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Source: ShareInvestor Express