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Emerging Towns & Cities Swings to Loss in H1 as Revenue Drop 78%G

MT Newswires ·  {{timeTz}}

01:38 AM EDT, 09/17/2021 (MT Newswires) -- Emerging Towns & Cities Singapore (SGX:1C0) swung to a loss in the first half ended June 30 on the back of a 77.6% drop in revenue.

The property developer posted a loss attributable to owners of SG$5.6 million ($4.2 million), or SG$0.0057 per share, in H1, compared with an attributable profit of SG$498,000, or SG$0.0004 per share, a year ago.

Revenue for the six months ended June 30 stood at SG$3.7 million, down from SG$16.5 million in the year-ago period, according to a Thursday bourse disclosure.

The company did not declare any dividend for the reporting period.

Price (SGD): S$0.03, Change: S$0.00, Percent Change: 0.00%

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