The Trendlines Group (SGX:42T) expects to book a net loss of between $9 million and $11 million for the year ended Dec. 31, 2024.
The company attributed the forecast to higher expenses and decreased portfolio value due to write-offs, according to a filing with the Singapore Exchange on Monday.
The investment firm is expected to release its financial statements before March 1.
Shares of Trendlines were up over 4% in Tuesday's late morning trade.
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