Overview
Singapore water treatment firm's half-year revenue dropped 52% yr/yr
Net loss for the period narrowed 19% yr/yr
Operating loss decreased 17% yr/yr
Outlook
Company has assessed the Group's ability to continue as a going concern, taking into consideration its financial position and cash flow forecasts for at least the next 12 months
Result Drivers
OPERATING EXPENSES - General and administrative expenses remained stable, limiting further loss escalation
FINANCE COSTS - Finance costs and joint venture losses contributed to overall loss
Company press release:
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
S$7.65 mln
H1 Net Loss
S$3.21 mln
H1 Operating loss
-S$2.57 mln
H1 Pretax Loss
S$3.18 mln
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