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China Next-Gen Commerce Flags Fiscal H1 Loss

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China Next-Gen Commerce and Supply Chain (HKG:3928) said it expects up to SG$6 million in net loss for the fical half ended March 31, sliding from a profit of SG$410,000 a year earlier, according to a Wednesday filing with the Hong Kong bourse.

The Singaporean construction services and property investment company's shares gained nearly 2% in morning trade Thursday.

The firm attributed the loss to "significant cost overruns" on a one-off wharf demolition project in Singapore, among other things.

The company's interim results are due on May 29.

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