AsiaPhos Forecasts Return to Profit in Q3

MT Newswires

2024/11/07

AsiaPhos (SGX:5WV) expects to book a net profit for the third quarter of the year, according to a filing with the Singapore Exchange on Wednesday.

Last year, the company booked a third-quarter net loss of SG$356,000.

The energy services company attributed the anticipated turnaround to a gain on the disposal of subsidiaries during the period and lower selling and distribution costs.

The company is expected to release its financial figures on or before Nov. 14.

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