The company is still in the process of finalising the impairment assessment over its oil and gas properties and its results for FY2023.
The board of Rex International Holding (SGX:5WH
) has announced that it expects to report a net loss for the FY2023 ended Dec 31, 2023, based on a preliminary review of its unaudited consolidated financial results.
In a profit guidance filing on Feb 13, the company says the losses are mainly due to non-cash items related to the impairment of goodwill, oil and gas properties, as well as the exploration and evaluation of assets.
