Acesian Partners Expects Swing to Loss in H1; Shares Down 3%
Acesian Partners expects to report a loss before tax for H1, contrasting with a profit from the previous year, as stated in a filing with the Singapore Exchange. The company's shares fell nearly 3% amid a forecast of a significant revenue decline, attributed to weak external market conditions stemming from trade tensions and tariff uncertainties. Financial results are set to be released by August 14.
Acesian Partners expects to book a loss before tax for the first half compared with a profit a year earlier, according to a late Monday filing with the Singapore Exchange.
Shares of the company were down nearly 3% in recent trading.
The environmental solutions and integrated services provider also anticipates a "significant decline" in revenue for the period, the filing said.
Acesian Partners attributed the downbeat forecast to weak external market conditions due to trade tensions and tariff uncertainties.
The company will release its financial results on or before Aug. 14.
