EcoWise Flags Net Loss for Fiscal Q3; Shares Down 5%
MT Newswires
Mar 09
EcoWise (SGX:5CT) expects to book a net loss from continuing operations for the fiscal third quarter and nine months ended Jan. 31, according to a Friday filing with the Singapore Exchange.
Shares of the resource recovery and renewable energy company were down over 5% in Monday trading.
The company has attributed this to lower income and higher administrative expenses dictated by higher manpower costs.
Ecowise will release its financial statements on or before March 17.
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