BRIEF-Netmind Financial Holdings expects to record FY loss

March 31 (Reuters) - Netmind Financial Holdings Ltd

:

* Expected to record a significant loss for its financial

year ended 31 March 2017

* Group has decided to scale down operation of its

e-logistics platform and substantially reduce resources

allocated to this business

* Group may consider recognising an impairment loss on

goodwill

* No material cash flow impact is expected to be occurred

after scaling down operation.

* Expected result due to stagnant low copper price and very

limited copper reserves

Source text : (http://bit.ly/2ohbB1L)

Further company coverage: