Santak to Trim Before-Tax Loss in Fiscal H1 Despite Lower Revenue
Santak Holdings anticipates a reduced before-tax loss for the fiscal first half ending December 31, 2024, compared to the previous year. This improvement is attributed to a decrease in gross loss and lower selling, administrative, and finance costs. However, the company expects to report lower revenue than in the same period last year. Financial results are expected to be released before mid-February, as stated in a filing with the Singapore Exchange.
Santak Holdings expects to report a lower loss before tax for the fiscal first half ended Dec. 31, 2024, as compared to a year ago.
The company attributed the decrease in loss to a lower gross loss recorded and a drop in the selling, administrative and other expenses, and finance costs, according to a filing with the Singapore Exchange on Friday.
However, despite an expected narrowed loss, the group is projected to log a lower revenue compared to the revenue in the year-ago period.
The manufacturer of precision machine components is expected to release its financial findings before mid-February, the filing added.
