AsiaPhos (SGX:5WV) expects to book a net profit for the third quarter of the year, according to a filing with the Singapore Exchange on Wednesday.
Last year, the company booked a third-quarter net loss of SG$356,000.
The energy services company attributed the anticipated turnaround to a gain on the disposal of subsidiaries during the period and lower selling and distribution costs.
The company is expected to release its financial figures on or before Nov. 14.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.