In separate profit guidances released on Nov 6, AsiaPhos 5WV and CSC Holdings 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.
The company expects to report its results for 3QFY2023 on or before Nov 14.
Meanwhile, CSC says it expects to report a “much lower” net loss for its 1HFY2024 compared to the corresponding period last year.
The lower net loss for the period is mainly due to an increase in revenue arising from a higher level of construction activity in Singapore and Malaysia.
CSC expects to report its results for 1HFY2024 on or before Nov 15.
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On Nov 6, shares in AsiaPhos closed 0.1 cents or 12.5% up at 0.9 cents, while shares in CSC stayed flat at 0.7 cents.
