Challenger Technologies requests trading halt
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Ry-Anne Lim
CONSUMER electronics retailer Challenger Technologies after market close on Monday (May 29) requested for a halt in trading of its shares with immediate effect, pending the release of an announcement.
In February, the mainboard-listed company reported a net profit of S$5.1 million for the six months ended Dec 31, 2022, down 40 per cent from the year-ago period’s S$8.4 million.
The plunge in profits was primarily due to the fair value loss on investment, reduced pandemic-related government wage supports and higher operating expenses, Challenger said then.
The company’s shares ended Monday at S$0.55, up 0.9 per cent or S$0.005.
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