Kinergy (HKG:3302) expects a post-tax net loss of around SG$3.6 million for the year 2024, up from SG$900,000 a year prior, a Tuesday filing by the Singaporean high-tech capital equipment manufacturer with the Hong Kong bourse said.
The firm attributed the wider anticipated loss mainly to a fair value loss of investment securities compared with a fair value gain in the previous period, as well as a swing to income tax expense in the year from an income tax credit in the year-ago period.
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