Rex International Flags Net Loss for 2024; Shares Plunge 18%

MT Newswires

2025/02/21

Rex International (SGX:5WH) is expecting to book a net loss for the year ended Dec. 31, 2024, according to a filing with the Singapore Exchange on Thursday.

The company has attributed this to impairment of goodwill, oil and gas properties and exploration and evaluation assets.

Shares of the oil and gas exploration company fell over 18% in recent trading.

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