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Alpina, Emerging Towns & Cities, Santak issue respective profit warnings

Bryan Wu
Bryan Wu • 2 min read
Alpina, Emerging Towns & Cities, Santak issue respective profit warnings
The companies are expecting to report losses for their respective financial periods ended Dec 31, 2023.
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Alpina Holdings, Emerging Towns & Cities (ETC Singapore) and Santak Holdings 580 have issued respective profit warnings on Feb 2.

Alpina (SGX:ZXY) says it expects to report a net loss for 2HFY2023 and FY2023 ended Dec 31, 2023, due mainly to escalating labour and subcontracting costs during the periods, especially for projects secured by the company prior to the Covid-19 pandemic.

The company will report its earnings for 2HFY2023 and FY2023 on or around Feb 29.

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