Challenger Technologies requests trading halt
Add BT as a preferred source
Ry-Anne Lim
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
