ZACD Group Ltd. Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 June 2020
July 29, 2020 at 07:32 pm IST
ZACD Group Ltd. provided unaudited consolidated earnings guidance for the six months ended 30 June 2020. The Group for the six months ended 30 June 2020 and other currently available information, the Group expects to record a substantial decline in its financial performance and anticipates to report a net loss of over SGD 7 million, indicating a drop by over 600% as compared to the corresponding period in last year, mainly due to the allowance for impairment losses on the Group's receivables.