Besides wider losses, the company reported a 40.9% YoY revenue drop.warned shareholders of a net loss in 1H24
The company attributed the decline to lower revenue recognised in 1H24 for The Antares, Wilshire Residences, Sky Everton and National Skin Centre Phase 1. We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.3.
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Keong Hong Holdings warns of impending lossespstrongHigher construction costs impacted the company's bottom line./strong/p pKeong Hong Holdings warned shareholders of a net loss for 1H24./p pIn a bourse filing, the company attributed its expected net loss to "loss-making pre-pandemic building construction projects due to higher construction costs for materials and labour.
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LHN Limited Warns of a profit dip in 1H24pstrongIt expects a $14.5m profit for the period./strong/p pSGX-listed LHN Limited warned shareholders of a lower net profit before tax from continuing operations and discontinued operations of $14.5m for 1H24./p pIn 1H23, the company recorded a $20.3m profit.
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Singapore property tax hike dents FHT's 1H24 bottom linepstrongIn 1H24, the REIT reported a 1.3% YoY lower NPI./strong/p pThe increase in Singapore property taxes has negatively impacted Frasers Hospitality Trust's (FHT) net property income (NPI) for the 1H24 period./p pIn its latest financial statement, FHT reported a 1.3% YoY lower NPI of $44.7m.
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F&N profit rises 52.5% YoY in 1H24 despite currency challengespstrongAttributable profit for the period was $83.8m./strong/p pFraser and Neave Limited (F&N) reported a 52.5% year-over-year (YoY) increase in its attributable profit before exceptional items for the first half of 2024, despite weakness in regional currencies.
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Frasers Property profits plunge 74.6% YoY in 1H24pstrongThe company attributed its lower profit to UK impairments./strong/p pFrasers Property reported a 74.6% YoY lower attributable profit of $57.4m in 1H24./p pIn a bourse filing, the company attributed the decline to “non-cash unrealised fair value losses and impairment on certain commercial properties in the UK of $115.3m.
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Hong Kong court bans protest song Glory To Hong KongPenned anonymously, its lyrics include the slogan “Liberate Hong Kong, revolution of our times”.
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