Tiong Seng Holdings expects to incur losses in the fiscal year 2025 | Lianhe Zaobao
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Tiong Seng is expected to report a net loss in the fiscal year 2025, primarily due to a decline in revenue and increased costs. The net profit for the fiscal year 2024 is projected to be 2.8 million yuan. The company confirmed the final losses from old projects, affected by rising material, labor, and subcontracting costs. Tiong Seng will announce its performance before March 1, 2026, and the stock price was 0.101 yuan at the close of trading on Monday, unchanged
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