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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