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% | -.--% | -.--% |
05-16 | Emerging Towns & Cities Narrows Attributable Loss in Q1 | MT |
05-06 | Emerging Towns and Cities Flags Loss for Q1 2024 | MT |
1st Jan change | Capi. | |
---|---|---|
-.--% | 24.82M | |
+15.36% | 29.95B | |
-5.62% | 28.43B | |
+27.44% | 26.75B | |
+17.28% | 25.3B | |
+16.86% | 22.93B | |
+38.78% | 22.41B | |
+2.02% | 18.62B | |
+13.03% | 18.17B | |
+11.43% | 16.92B |
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- Emerging Towns & Cities Singapore Ltd. Provides Earnings Guidance for the First Quarter Ended March 31, 2023