ZICO Flags Significant Net Loss for 2024

MT Newswires

2025/02/19

ZICO Holdings (SGX:40W) expects to book a significant net loss for the year ended Dec. 31, 2024, according to a filing with the Singapore Exchange on Tuesday.

The expected losses are due to slower corporate finance, consultancy, and asset management activities amid a softer market, as well as impairment and write-off of certain trade receivables.

The company will release its financial results on or before Feb. 28.

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