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Sino Construction dives after profit warning

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Published Mon, Mar 2, 2015 · 09:50 PM

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Steep plunge

Singapore

SINO Construction shares plunged 55.8 per cent on Monday, with S$194 million wiped off its market cap within a single trading session. This comes after the company warned investors last Friday of an expected net loss for FY14 and a month-long extension to its financial results release.

Following the mauling, the mainboard counter closed trading at S$0.117, compared to Friday's closing price of S$0.265.

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