WEE Hur Holdings and ISOTeam separately announced on Tuesday that they would report net losses for, respectively, the six months and full year ended June 30.

In a profit guidance released after market close, mainboard-listed property group Wee Hur said that its weaker-than-expected financial performance for H1 2021 was partly due to additional costs required to complete projects for its construction arm in Singapore.

This was mainly attributed to the prolonged construction period, increase in labour costs and material prices, as well as compliance of stringent safe-management measures during the Covid-19 pandemic.

Occupancy levels also fell at Wee Hur's student accommodation portfolio in Australia due to border restrictions, while the group's dormitory business recorded lower occupancies and reduced the number of beds.

Wee Hur thus expects to report a consolidated net loss for H1 2021, following a preliminary review of its unaudited financial results. It will release the results by Aug 13.

Shares in Wee Hur closed flat at S$0.21 on Tuesday before the announcement.

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Meanwhile, building maintenance and estate upgrading firm ISOTeam expects a net loss for its fiscal year ended June 30, given the "continued adverse impact" from the coronavirus pandemic and further provisions for impairment losses.

The Catalist-listed group flagged continued labour shortages, increased costs, disruptions to raw material supply chains and disruptions to subcontractors' work due to pandemic-related restrictions.

For the Pure Group entities, ISOTeam expects to make further provisions for impairment losses, due to low order books and delays in project execution.

"Nevertheless, the company wishes to assure shareholders that the group has sufficient working capital to meet its operational needs and financial commitments," ISOTeam said.

It will announce its full-year results on or before Aug 29.

ISOTeam shares rose 4.1 per cent or 0.5 Singapore cent to finish at 12.8 cents, before its filing.