Singapore Hot Stocks- LMA International Plunges 30 Percent on Profit Warning

Published: Oct 12, 2007

SINGAPORE, Oct 12 - Shares of LMA International plunged more than 30 percent to an all-time low of S$0.395 with 11 million shares traded after the medical-device maker issued a profit warning. [ID:nSNAB30691] The company said in a statement that its results for the second half of 2007 would be "adversely impacted" by "inconsistencies in pricing and ordering patterns" of its distributors in Europe, Middle East, Africa and Latin America.

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