SINGAPORE (April 18): Courts Asia says it expects 4Q earnings ended March to be significantly reduced, with possibility of reporting a net loss position for the quarter.

This follows a preliminary review of the group’s unaudited consolidated financial results for the 4Q18 and FY18.

Courts Asia says this is mainly attributable to the group’s Malaysia business which saw a decline in revenue and correspondingly profit, as the result of the introduction of the Consumer Protection (Credit Sale) Regulations 2017, which led to...(click on link for full story on theedgesingapore.com)