Emerging Towns & Cities Singapore Ltd. provided earnings guidance for the year ended December 31, 2023. The group advised shareholders that the Group is expected to report a loss for the financial year ended 31 December 2023 ("FY2023"), based on a preliminary review of the unaudited financial results of the Group for FY2023. The expected loss is mainly attributable to the following: higher selling and distribution expenses mainly due to higher sales commission expenses in the Golden City project in FY2023; higher administrative expenses mainly due to higher foreign exchange losses incurred in the Golden City project in FY2023; and higher finance costs mainly due to higher financing expense on borrowings and late payment charges incurred on trade payables in the Golden City project in FY2023.
Emerging Towns & Cities Singapore Ltd.
Equities
1C0
SG1DD5000009
Real Estate Development & Operations
Market Closed -
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5-day change | 1st Jan Change | ||
0.034 SGD | -2.86% | -.--% | -.--% |
06/05 | Emerging Towns and Cities Flags Loss for Q1 2024 | MT |
29/03 | Emerging Towns and Cities Extends Long-Stop Date in Myanmar Unit Sale | MT |
1st Jan change | Capi. | |
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-.--% | 24.82M | |
+12.14% | 29.29B | |
+29.48% | 28.36B | |
-7.64% | 25.5B | |
+15.47% | 24.47B | |
+44.75% | 23.83B | |
+11.05% | 21.57B | |
+2.90% | 19.32B | |
+28.56% | 16.73B | |
-3.64% | 15.96B |
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- Emerging Towns & Cities Singapore Ltd. Provides Earnings Guidance for the Year Ended December 31, 2023