Pine Capital expects wider half-year net loss on one-off costs
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
CATALIST-LISTED investment firm Pine Capital, which had recently been in a legal tussle with its former chairman, expects to post a wider net loss for the half-year ended Sept 30.
A "significant" part is due to one-off costs - including increased compliance costs - incurred by the company as part of steps to ready it for resumption of trading, Pine Capital said.
Trading in Pine Capital shares has been suspended since March.
In addition, the group has been hit by lower revenue as a result of the suspension on its subsidiary, Advance Capital Partners Asset Management, on fundraising activities.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
