4 stories mentioning SGX:J2TUpdated 39d ago
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Hock Lian Seng (SGX:J2T) booked an attributable loss to equity holders of SG$53.7 million during the first half of the year, against an attributable profit of SG$8.6 million a year earlier, according to an after-market filing with the Singapore Exchange on Wednesday.Loss per share came in at SG$0.1053 compared with SG$0.0168 in the year-ago period.Revenue declined 51% year over year to SG$50.7 million from SG$103.3 million.
Singapore shares extended gains on Thursday despite a surge in oil prices following the resumption of hostilities in the Gulf.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,386.59 and 5,436.98 throughout the day. It ended the session at 5,433.88, up 64.31 points or 1.2% compared to Wednesday's close.On the corporate front, shares of Hock Lian Seng (SGX:J2T) were down over 4% at the close with the company expecting to book an operating loss in the first half of the year, compared with a pre-tax profit of SG$10 million a year earlier.AIMS APAC REIT (SGX:O5RU) closed nearly 1% lower as it agreed to acquire a freehold general industrial property in Western Australia for AU$42.7 million.Meanwhile, shares of UI Boustead REIT (SGX:UIBU) were down nearly 1% at the close as it awarded a SG$2.6 million design and build contract to Boustead Projects E&C to convert its AUMOVIO Building Phase 3 to a multi-tenanted building.
Hock Lian Seng (SGX:J2T) is expecting to book an operating loss in the first half of the year, compared with a pre-tax profit of SG$10 million a year earlier, according to a Wednesday filing with the Singapore Exchange.Shares of the company were down over 4% in Thursday trading.The construction company attributed the downbeat forecast to higher-than-anticipated project costs.The company will release its financials before mid-August, the filing stated.
Hock Lian Seng (SGX:J2T) is expecting to book an operating loss in the first half of the year, compared with a profit before tax of SG$10 million a year earlier, according to a Wednesday filing with the Singapore Exchange.The construction company has attributed this to higher than anticipated project costs, along with ongoing geopolitical tensions that contributed to higher costs.The company will release its financials before mid-August, the filing added.
