Pollux Properties (SGX:5AE) anticipates lower profit for 2024 compared with the previous year, according to a filing with the Singapore Exchange on Monday.
The company attributed the forecast to fair valuation losses on its investment properties, an increase in property tax, and the depreciation of the Indonesia rupiah against the Singapore dollar.
The property investment firm will release its financial results on or before Friday.
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.