finally  turning around  after two years of losses

PROFIT GUIDANCE ON UNAUDITED FINANCIAL RESULTS   

 

The Board of Directors (the &ldquo Board&rdquo ) of CSC Holdings Limited (the &ldquo Company&rdquo and, together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that, based on a preliminary review of the Group&rsquo s unaudited financial results for the six months ended 30 September 2024 (&ldquo 1HFY25&rdquo ), the Group is expected to record a turnaround to achieve net profit in 1HFY25.   

 

The profit turnaround takes into consideration the following: 

a) improved margins for projects secured during 1HFY25 and 

 

b) foreign exchange gain from the strengthening of the Malaysia ringgit and the Thai baht against the Singapore dollar. 

 

The Group had announced on 6 September 2024 that it had clinched foundation contracts with aggregate value exceeding S$150 million since the start of its financial year on 1 April 2024. 

 

Further details of the Group&rsquo s financial performance will be disclosed when the Company announces its unaudited financial results for 1HFY25 via SGXNet on or before 15 November 2024.   

 

In the meantime, shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. When in doubt as to the action they should take, shareholders and potential investors should consult their stockbrokers, bankers, accountants, solicitors or other professional advisers.

 

By Order of the Board 

CSC HOLDINGS LIMITED 

See Yen Tarn 

Executive Director and Group Chief Executive Officer   

 

30 October 2024 
https://links.sgx.com/1.0.0/corporate-announcements/CYDF8SZ3WPMQORJ8/823506_Profit%20Guidance%20Announcement.pdf