Weak earnings seen as reporting season starts

THE World Cup may be over but another kind of fever is heating up in Singapore as companies enter the earnings season.

Starting this week until end-August, a slew of companies are expected to report their latest quarterly earnings, with more than 55 firms already having indicated their results release date, according to data from ShareInvestor.

Ornamental fish supplier Qian Hu started the ball rolling, announcing yesterday its second quarter results for financial year ending 2014.