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Challenger Technologies requests trading halt

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Ry-Anne Lim

Ry-Anne Lim

Published Mon, May 29, 2023 · 06:43 PM
    • Challenger Technologies has requested for a halt in trading effective immediately on Monday (May 29).
    • Challenger Technologies has requested for a halt in trading effective immediately on Monday (May 29). PHOTO: BT FILE

    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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