Aside from lower contributions from Santak’s precision engineering division, the sales of its trading and distribution division was also lower compared to FY2022.
Santak Holdings (SGX:580
) has issued a profit warning for the FY2023 ended June 30, due mainly to substantially lower contributions from the group’s precision engineering division.
In a bourse filing on SGX on Aug 24, the company says it expects to report substantially lower revenue and a significantly higher loss after tax for FY2023 compared to the previous financial year.
