Lower 3QFY2023 and 1HFY2024 net losses expected for AsiaPhos and CSC Holdings

In separate profit guidances released on Nov 6, AsiaPhos (SGX:5WV) and CSC Holdings (SGX:C06) say they expect to report lower net losses for their 3QFY2023 ended Sep 30 and 1HFY2024 ended Sep 30, respectively.

For AsiaPhos, the lower net loss for the period compared to 3QFY2022 is attributable to lower general and administrative expenses from reduced depreciation and amortisation expense. The chemicals company also saw higher profit during the period from discontinued operations relating to rental income for its P4 plant.