MT Newswires07-27 10:37
ES Group (SGX:5RC) expects to report a "substantially higher" net loss for the first six months of the year, compared to a year earlier, according to a Friday filing with the Singapore Exchange.
The shipbuilding and repair company attributed this to loss from the shipping segment due to an unexpected breakdown of its vessel, ES Jewel, and lower voyages carried out by ES Aspire, which was disposed of on June 5.
The company will release its financials on or before Aug. 14, the filing added.
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