KTMG Anticipates Net Loss for 2024

Trading View
2025.02.25 02:37
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KTMG expects to book a net loss for the second half of 2024 and the year ended Dec. 31, 2024, according to a filing with the Singapore Exchange on Monday. The company has attributed this to rising raw material costs, increased labor costs, and higher export handling and air freight expenses. The textile manufacturer will release its financial statements on or before Feb. 27.

KTMG expects to book a net loss for the second half of 2024 and the year ended Dec. 31, 2024, according to a filing with the Singapore Exchange on Monday.

The company has attributed this to rising raw material costs, increased labor costs, and higher export handling and air freight expenses.

The textile manufacturer will release its financial statements on or before Feb. 27.

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