Starland Holdings warns of 'significantly lower' FY2019 profit, revenue
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
STARLAND Holdings is expecting to post a "significantly lower" revenue and profit for FY2019, according to its profit guidance on Thursday.
The decline in revenue is due to reduced takings from its property development business, as existing projects are coming to an end, said the group.
In addition, profit is set to be lower due to the absence of a one-time gain, which in FY2018 had been proceeds received on a settlement with Ayondo.
Starland shares closed unchanged at S$0.09 on Thursday before the announcement.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Malaysia tourism hit by fuel shock; tour prices may jump 50%
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
