CMC Infocomm Limited provided earnings guidance for the first half ended 30 November 2015. For the period, the Group is expected to report a net loss. The net loss was primarily due: Substantial one-off professional fees incurred in relation to the initial public offering exercise, pursuant to which the company was successfully listed on the Catalist board of the Singapore Exchange Securities Trading Limited on 13 August 2015; and increase in overhead expenses mainly payroll expenses due to additional headcount to support the execution of the Group's expansion plan into new and complementary businesses in Singapore and Malaysia.
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0.018 SGD | -10.00% | -14.29% | -48.57% |
May. 20 | Singaporean Shares Start Week Flat Following Mixed Week for US Equities; TOTM Up 5% | MT |
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+6.82% | 188B | |
+30.01% | 43.23B | |
+4.30% | 42.02B | |
+64.80% | 18.31B | |
+41.06% | 10.84B | |
-35.06% | 10.21B | |
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+61.87% | 7.31B | |
-18.03% | 4.59B |
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- CMC Infocomm Limited Provides Earnings Guidance for the First Half Ended 30 November 2015