Emerging Towns & Cities Singapore Ltd. provided earnings guidance for the year ended December 31, 2023. The group advised shareholders that the Group is expected to report a loss for the financial year ended 31 December 2023 ("FY2023"), based on a preliminary review of the unaudited financial results of the Group for FY2023. The expected loss is mainly attributable to the following: higher selling and distribution expenses mainly due to higher sales commission expenses in the Golden City project in FY2023; higher administrative expenses mainly due to higher foreign exchange losses incurred in the Golden City project in FY2023; and higher finance costs mainly due to higher financing expense on borrowings and late payment charges incurred on trade payables in the Golden City project in FY2023.
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% | -.--% | -.--% |
May. 16 | Emerging Towns & Cities Narrows Attributable Loss in Q1 | MT |
May. 06 | Emerging Towns and Cities Flags Loss for Q1 2024 | MT |
1st Jan change | Capi. | |
---|---|---|
-.--% | 24.82M | |
+16.96% | 30.03B | |
-4.09% | 28.11B | |
+28.79% | 26.23B | |
+17.21% | 25.3B | |
+18.75% | 23.18B | |
+40.40% | 22.31B | |
+11.92% | 18.4B | |
-2.27% | 18.21B | |
+13.31% | 16.41B |
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- Emerging Towns & Cities Singapore Ltd. Provides Earnings Guidance for the Year Ended December 31, 2023