Stock News: Ban Joo profit warning!

Textile maker Ban Joo & Co was sharply lower after warning that it will report losses in the year to June 2006 due to asset impairment charges, dealers said. "The performance for the group, after taking into consideration provisions for impairment losses for discontinuing operations and trade receivables, is unlikely to be profitable," the company said in a statement. Ban Joo was down 0.005 sgd or 14.29 pct at 0.03 sgd with 34,000 shares changing hands.