Forise International Limited provided group earnings guidance for the financial year ended 31 December 2022. For the year, the Group expects to report a loss as compared to a profit for the corresponding period last year (the 12-month financial year ended 31 December 2021), mainly due to the following: Allowance for expected credit loss due to slow collection of trade and other receivables as receivables' liquidity and credit access continue to deteriorate due to the uncertain economic situations; and Significant decrease in revenue as a result of no new contracts being secured in its management consultancy services and corporate advisory services business for Fiscal year 2022 due mainly to the COVID-19 pandemic.
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29/03 | Forise International Appoints CFO | MT |
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- Forise International Limited Provides Group Earnings Guidance for the Financial Year Ended 31 December 2022