AsiaPhos Forecasts Lower Profit in 2024

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AsiaPhos Forecasts Lower Profit in 2024

MT Newswires02-21

AsiaPhos (SGX:5WV) expects to report a lower profit for the year ended Dec. 31, 2024, compared with the previous year, according to a filing with the Singapore Exchange on Thursday.

The company attributed this to the provision of impairment made on receivables from a previous subsidiary.

The company will release its financial results on or before March 1.

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