As a result, losses per share came in at 5.24 cents, as compared to earnings per share of 0.55 cents in FY2022.
Mainboard-listed integrated interior fitting-out solutions specialist Lincotrade & Associates Holdings (SGX:BFT
) has reported a loss of $8.74 million for FY2023 ended June 30, the group’s full year first financial statement following the reverse takeover (RTO) of Fabchem China Limited on Aug 3 last year.
The group’s losses relate mainly to the deemed one-off non-cash RTO expenses of approximately $9.6 million, the share-based payment to the sponsor and arranger of approximately $1.2 million in aggregate as well as the expenses incurred by the group relating to the RTO exercise of approximately $196,000.
