Progen warns of second straight full-year loss for 2017
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
PROGEN Holdings expects to report a net loss for 2017 due to lower revenue and fair value losses on investment property.
The investment holding and air-conditioning company said that it will provide more details when it announces its results by March 1.
This will be Progen's second straight year of losses. In 2016, the company reported a deficit of S$1.6 million. For the six months ended June 30, 2017, Progen posted a net loss of S$975,000 as total revenue fell 45.9 per cent to S$2.6 million.
Progen stock last traded at five Singapore cents on Friday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
