Five Singapore listcos warn of losses; ISDN expects 50% rise in H1 profit

SIX Singapore-listed companies on Tuesday separately issued profit guidances, with five warning of net losses.

The five are BRC Asia, Aspen (Group) Holdings, AEI Corporation, Metal Component Engineering and Yinda Infocomm.

ISDN Holdings - the only company anticipating a net profit - expects to record a more than 50 per cent rise in net profit for the first half year ended June 30, 2020.

BRC Asia expects to report an operating loss for the third quarter ended June 30, 2020. Aspen, AEI, Metal Components expect to report losses for the half year ended June 30, 2020.

Meanwhile, Yinda Infocomm is expecting a net loss for the full year ended May 31, 2020.

BRC Asia, Aspen and Metal Component said further details of their financial performance will be disclosed when they announce their unaudited consolidated financial results on or before Aug 14.

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Yinda Infocomm's results will be published on or before July 30, while ISDN's results will be published in due course, the latter said. AEI said the company is in the process of finalising the group's results but did not give a date on when the results will be released.

As at 9.26am, BRC Asia shares were trading down 0.8 per cent or S$0.01 to S$1.22; ISDN shares were up 14.3 per cent or 3.5 Singapore cents to 28 cents; while Aspen's shares were flat at 6.4 Singapore cents.

AEI shares were flat at S$0.91; Metal Component shares were down 4 per cent or 0.1 Singapore cent to 2.4 cents; while Yinda Infocomm shares held steady at 3.4 Singapore cents.