Financial Statements and Related Announcement::Profit Guidance

https://links.sgx.com/1.0.0/corporate-announcements/BX4Z9H7DI3C2...

FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT::PROFIT GUIDANCE

Issuer & Securities

Issuer/ Manager

CSC HOLDINGS LIMITED

Securities

CSC HOLDINGS LTD - SG1F84861094 - C06

Stapled Security

No

Announcement Details

Announcement Title

Financial Statements and Related Announcement

Date &Time of Broadcast

21-May-2021 17:52:54

Status

New

Announcement Sub Title

Pro�t Guidance

Announcement Reference

SG210521OTHREOMB

Submitted By (Co./ Ind. Name)

See Yen Tarn

Designation

Director & Chief Executive Of�cer

Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)

Pro�t Guidance for the second half and full-year ended 31 March 2021

Additional Details

For Financial Period Ended

31/03/2021

Attachments

Pro�t_Guidance_Announcement.pdf

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21-May-21, 5:55 PM

Financial Statements and Related Announcement::Profit Guidance

https://links.sgx.com/1.0.0/corporate-announcements/BX4Z9H7DI3C2...

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21-May-21, 5:55 PM

CSC HOLDINGS LIMITED

(Incorporated in the Republic of Singapore)

(Company Registration No. 199707845E)

PROFIT GUIDANCE FOR THE SECOND HALF AND FULL-YEAR

ENDED 31 MARCH 2021

The Board of Directors (the "Board") of CSC Holdings Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce the followings based on a preliminary review of the Group's unaudited financial results for the second half ended 31 March 2021 ("2HFY2021) and full year ended 31 March 2021 ("FY2021"):

  • On 5 November 2020, the Group announced a net loss of S$14.1 million for the first half ended 30 September 2020 ("1HFY2021") mainly due to the impact of the COVID-19 pandemic on the Group's business.
  • The Group's operations in Singapore recovered in 2HFY2021. The Group is expected to report a net profit for 2HFY2021.
  • However, the Group will report a net loss for the full year ended 31 March 2021.

Further details of the Group's financial performance will be disclosed when the Company announces its unaudited financial results for FY2021, via SGXNet, on or before 30 May 2021.

In the meantime, shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. When in doubt as to the action they should take, shareholders and potential investors should consult their stockbrokers, bankers, accountants, solicitors or other professional advisers.

By Order of the Board

CSC HOLDINGS LIMITED

See Yen Tarn

Executive Director and Group Chief Executive Officer

21 May 2021

Attachments

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Disclaimer

CSC Holdings Ltd. published this content on 21 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2021 06:42:02 UTC.