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Kinergy to Widen Loss in 2024
KINERGY (03302.HK) Profit Warning: Expected annual after-tax net loss of approximately 3.6 million Singapore dollars.
On February 25, Gelonghui reported that KINERGY (03302.HK) expects to record a net loss of approximately 3.6 million Singapore dollars after tax for the year ending December 31, 2024, compared to a net loss of approximately 0.9 million Singapore dollars after tax for the year ending December 31, 2023. The expected increase in net loss for the year ending December 31, 2024, is primarily due to (i) an approximate fair value loss of 0.575 million Singapore dollars on investment securities for the year ending December 31, 2024, whereas the fair value gain on investment securities for the year ending December 31, 2023, was approximately
Express News | Kinergy Corporation FY Net Income SGD -3.6 Million
KINERGY: PROFIT WARNING
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