Pacific Star warns of net loss for Q1 FY20
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Singapore
PACIFIC Star Development has flagged that it expects to report a net loss for the first quarter ended Sept 30, citing tough market conditions and higher finance costs.
In a filing early Sunday morning, it said the losses were incurred mainly as a result of challenging market conditions which impacted the sales of Puteri Cove Residences in Malaysia, and higher finance costs associated with a S$70 million facility obtained from a group of third parties in the second quarter of FY19.
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