11/2/22, 5:19 PM

Financial Statements and Related Announcement::Profit Guidance

FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT::PROFIT GUIDANCE

Issuer & Securities

Issuer/ Manager

CSC HOLDINGS LIMITED

Securities

CSC HOLDINGS LTD - SG1F84861094 - C06 0

Stapled Security

No

Announcement Details

Announcement Title

Financial Statements and Related Announcement

Date &Time of Broadcast

02-Nov-2022 17:18:44

Status

New

Announcement Sub Title

Proft Guidance

Announcement Reference

SG221102OTHRG5BM

Submitted By (Co./ Ind. Name)

See Yen Tarn

Designation

Executive Director & Group Chief Executive Offcer

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

Proft Guidance on unaudited fnancial results for the six months ended 30 September 2022

Additional Details

For Financial Period Ended

30/09/2022

Attachments

Proft_Guidance.pdf

Total size =111K MB

CSC HOLDINGS LIMITED

(Incorporated in the Republic of Singapore)

(Company Registration No. 199707845E)

PROFIT GUIDANCE ON UNAUDITED FINANCIAL RESULTS

FOR THE SIX MONTHS ENDED 30 SETEMBER 2022

The Board of Directors (the "Board") of CSC Holdings Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that, based on a preliminary review of (the Group's unaudited financial results for the six months ended 30 September 2022 ("1HFY23"), the Group is expected to report a net loss for 1HFY23.

This profit guidance takes into consideration the following:

  1. decline in revenue due to low supply of projects from the public and private sectors during 1HFY23 in Singapore and Malaysia;
  2. delay in commencement of work on new projects secured in 1HFY23; and
  3. margin pressure arising from intense market competition due to low demand for construction services and rising cost of sales.

Further details of the Group's financial performance will be disclosed when the Company announces its unaudited financial results via SGXNet, on or before 14 November 2022.

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

By Order of the Board

CSC HOLDINGS LIMITED

See Yen Tarn

Executive Director and Group Chief Executive Officer

2 November 2022

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

CSC Holdings Ltd. published this content on 02 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2022 00:51:06 UTC.