Luminor Financial Flags Net Loss for 2024

MT Newswires

02/14

Luminor Financial (SGX:5UA) expects to report 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 an increase in operating expenditure after investing significant resources to build a brand new team and a technology platform, along with fair value loss on financial assets.

The company will release its results by March 1.

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