AEI Corp expects FY19 loss on impairment, poor business
Add BT as a preferred sourceAEI Corp, which has been placed on the SGX Watchlist, said on Tuesday that it expects to report a loss for the 2019 financial year ended Dec 31, 2019.
The loss was mainly due to the operating and impairment loss on the disposal of the company's existing business and the prevailing poor business environment, it said.
The company is in the process of finalising the group's results and will provide further details when the results announcement is released.
AEI shares last traded at S$0.865 on Jan 8.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
