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% | -.--% | -.--% |
Mar. 29 | Emerging Towns and Cities Extends Long-Stop Date in Myanmar Unit Sale | MT |
Mar. 18 | Emerging Towns and Cities’ Unit Incorporates an Indirect Subsidiary in China | MT |
1st Jan change | Capi. | |
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-.--% | 24.82M | |
+39.94% | 28.07B | |
-13.85% | 26.92B | |
+22.78% | 26.28B | |
+1.61% | 26.06B | |
+49.67% | 22.69B | |
+5.96% | 20.3B | |
+3.66% | 19.59B | |
+30.95% | 16.31B | |
-6.26% | 15.21B |
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- Emerging Towns & Cities Singapore Ltd. Provides Earnings Guidance for the Year Ended December 31, 2023