Emerging Towns & Cities Singapore Ltd. provided earnings guidance for the first quarter ended March 31, 2023. The group is expected to report a loss for the first quarter of the financial year ending 31 December 2023, based on a preliminary review of the unaudited financial results of the Group for first quarter of 2023. The expected loss is mainly attributable to the following: higher selling and distribution expenses mainly due to higher sales commission expenses and higher advertisement costs in the Golden City project in first quarter of 2023; higher administrative expenses mainly due to higher foreign exchange losses and higher professional fees incurred in the Golden City project in first quarter of 2023; and higher finance costs mainly due to higher financing expense on borrowings in the Golden City project in first quarter of 2023.
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% | -.--% | -.--% |
May. 16 | Emerging Towns & Cities Narrows Attributable Loss in Q1 | MT |
May. 15 | Emerging Towns & Cities Singapore Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
1st Jan change | Capi. | |
---|---|---|
-.--% | 24.82M | |
+33.34% | 27.28B | |
-0.71% | 25.39B | |
-14.27% | 25.39B | |
+13.12% | 24.35B | |
+36.57% | 21.2B | |
+2.27% | 19.49B | |
+1.02% | 19.49B | |
+36.37% | 16.63B | |
+21.27% | 15.27B |
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- Emerging Towns & Cities Singapore Ltd. Provides Earnings Guidance for the First Quarter Ended March 31, 2023