Sing Holdings (SGX:5IC) expects to report a "substantial" year-over-year decline in consolidated net profit for the first half.
The property company said Thursday in a Singapore bourse filing that the expected decrease is due to lower revenue from completed properties, reduced interest income and higher finance costs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments