Emerging Towns & Cities Singapore Ltd. provided earnings guidance for the third quarter ended 30 September 2023. The Group is expected to report a loss for the third quarter ended 30 September 2023 ("3Q2023"), based on a preliminary review of the unaudited financial results of the Group for third quarter 2023. 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 third quarter 2023; higher administrative expenses mainly due to higher foreign exchange losses incurred in the Golden City project in third quarter 2023; and higher finance costs mainly due to higher financing expense on borrowings, late payment charges incurred on trade payables and higher financing expense on payments from customers in the Golden City project in third quarter 2023.