Memiontec (SGX:TWL) expects to book a net loss for the year ended Dec. 31, 2024, according to a filing with the Singapore Exchange on Wednesday.
The company has attributed this to lower contributions from certain ongoing projects in Singapore.
The company will disclose its financial results on or before March 1.
Shares of the industrial waste management company plunged nearly 10% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.