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Tat Hong, BRC Asia, Eindec warn of losses
CRANE rental firm Tat Hong Holdings, steel mesh firm BRC Asia and clean room firm Eindec have issued profit guidance announcements warning of losses for their upcoming results.
Tat Hong said its loss is attributable primarily to weaker revenues from Singapore, Hong Kong and Batam as a result of competitive market conditions, completion of projects and lower activity levels, respectively. This is even while increased revenues are expected from operations in Australia and China.
BRC Asia said that it is expected to report a total comprehensive loss despite being profitable, mainly due to challenging business conditions in both Singapore and Malaysia. Comprehensive losses are usually related to foreign exchange translations.
Eindec said its loss is mainly attributed to lower revenue as a result of the challenging market environment.