Memiontec Forecasts Net Loss for 2024; Shares Plunge 10%

MT Newswires

2025/02/13

Memiontec (SGX:TWL) expects to book a net loss for the year ended Dec. 31, 2024, according to a filing with the Singapore Exchange on Wednesday.

The company has attributed this to lower contributions from certain ongoing projects in Singapore.

The company will disclose its financial results on or before March 1.

Shares of the industrial waste management company plunged nearly 10% in recent trading.

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