PLATEAU TL issues a profit warning, expecting mid-term earnings to decrease to less than SGD 5 million year-on-year

According to the Zhitong Finance APP, PLATEAU TL (08402) announced that the group expects: (i) revenue for the six months ending June 30, 2025, to be less than SGD 5 million, compared to approximately SGD 12.2 million for the same period in 2024; (ii) a total loss for the relevant period to be less than SGD 1 million, while the total profit for the same period was approximately SGD 2.4 million; and (iii) a loss for the relevant period to be less than SGD 3 million, while the profit for the same period was approximately SGD 200,000. The decrease in revenue and the shift from net profit to net loss are mainly due to the slow progress of new projects