Hiap Hoe issues profit warning for Q1
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
PROPERTY group Hiap Hoe Limited said on Monday that it expects to report a net loss for the first quarter ended March 31.
In a filing with the Singapore Exchange, Hiap Hoe said that the loss is primarily due to foreign exchange loss and the fair-value changes in financial instruments.
The company will provide more details about the group's performance when it announces its unaudited financial results for Q1 on or before May 14, it said.
Hiap Hoe shares closed flat at S$0.895 on Monday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
