Engineering solutions provider CSC Holdings says it expects to report a net profit in the 2HFY2021 ended March, as the group’s operations in Singapore are said to have recovered in the second half of the FY2021.
That said, it adds that it will report a net loss for the FY2021.
SEE:CSC Holdings reports earnings of $1.7 mil in 4Q, a turnaround from its losses the year before
CSC Holdings, on Nov 5, 2020, announced a net loss of $14.1 million for the 1HFY2021 ended Sept 30, 2020, mainly due to the impact of Covid-19.
The company will announce its results on or before May 30.
Shares in CSC Holdings closed flat at 1.4 cents on May 21.