SGX:J2T

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Hock Lian Seng Flags Operating Loss in H1; Shares Down 4%

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.

SGX:J2T

Asia20h ago

Hock Lian Seng Flags Operating Loss in H1

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.

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