Oxley Holdings has warned that it will report a net loss for FY2023 when it reports earnings for 2HFY2023 ended June.
The company attributes the losses to higher finance costs and lower revenue recognised from its property development projects as substantial revenue were recognised prior to FY2023 as the projects progressed.
Oxley is likely to report on or before Aug 29.
Oxley shares closed Aug 21 at 12 cents, down 2.5% for the day.
