Santak Holdings (SGX:580) expects to report a lower loss before tax for the fiscal first half ended Dec. 31, 2024, as compared to a year ago.
The company attributed the decrease in loss to a lower gross loss recorded and a drop in the selling, administrative and other expenses, and finance costs, according to a filing with the Singapore Exchange on Friday.
However, despite an expected narrowed loss, the group is projected to log a lower revenue compared to the revenue in the year-ago period.
The manufacturer of precision machine components is expected to release its financial findings before mid-February, the filing added.
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