EcoWise Warns Fiscal Q4, Full Year Losses

MT Newswires06-19 20:59

EcoWise (SGX:5CT) expects a net loss from continuing operations for the fourth quarter and fiscal year ending April 30, according to a Friday Singapore bourse filing.

The company attributed the forecast to a lower fiscal Q4 profit and a full-year loss incurred in the resource recovery segment, a lower other income due to the absence of a one-off gain from the disposal of certain assets as seen in the prior-year period, and higher administrative expenses.

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