Grandshores Technology Group (HKG:1647) expects a loss of SG$3 million for the six months ended Sept. 30, wider than SG$1.6 million in the corresponding period last year, a Friday Hong Kong bourse filing said.
The integrated building services provider attributed the wider loss to a drop in government grants received during the reporting period and a loss in exchange due to the fluctuation in the foreign exchange rate during the reviewing period compared with an exchange gain in the previous year's period.
The company's shares were up nearly 9% in recent trade.
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