Emerging Towns & Cities Singapore (SGX:1C0) is expecting to book a loss in the first quarter of the year, according to a Thursday filing with the Singapore Exchange.
Shares of the residential and commercial property developer plummeted nearly 13% in Monday trading.
The company has attributed this to higher staff cost and operating expenses driven by its live streaming e-commerce business.
The company will release its financial figures on or about May 15.
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