Pollux Properties Flags Loss in H1; Shares Slump 8%

MT Newswires08-12

Pollux Properties (SGX:5AE) expects to log a loss for the first half of the year, according to a filing with the Singapore Exchange on Friday.

The company attributed the anticipated loss to the depreciation of the Indonesian rupiah against the Singapore dollar.

The company will release its financial results on or before Aug. 14.

Shares of the property developer slumped nearly 8% in recent trading.

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