Emerging Towns & Cities Singapore Ltd. provided earnings guidance for the first quarter ended March 31, 2023. The group is expected to report a loss for the first quarter of the financial year ending 31 December 2023, based on a preliminary review of the unaudited financial results of the Group for first quarter of 2023. The expected loss is mainly attributable to the following: higher selling and distribution expenses mainly due to higher sales commission expenses and higher advertisement costs in the Golden City project in first quarter of 2023; higher administrative expenses mainly due to higher foreign exchange losses and higher professional fees incurred in the Golden City project in first quarter of 2023; and higher finance costs mainly due to higher financing expense on borrowings in the Golden City project in first quarter of 2023.
Emerging Towns & Cities Singapore Ltd.
Equities
1C0
SG1DD5000009
Real Estate Development & Operations
Market Closed -
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5-day change | 1st Jan Change | ||
0.034 SGD | -2.86% | -.--% | -.--% |
Mar. 29 | Emerging Towns and Cities Extends Long-Stop Date in Myanmar Unit Sale | MT |
Mar. 18 | Emerging Towns and Cities’ Unit Incorporates an Indirect Subsidiary in China | MT |
1st Jan change | Capi. | |
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-.--% | 24.82M | |
+40.41% | 28.24B | |
-12.37% | 26.95B | |
+23.41% | 26.45B | |
+6.25% | 25.93B | |
+49.25% | 22.95B | |
+9.16% | 20.4B | |
-0.25% | 18.55B | |
+28.90% | 16.22B | |
-13.27% | 15.1B |
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- Emerging Towns & Cities Singapore Ltd. Provides Earnings Guidance for the First Quarter Ended March 31, 2023