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09 Jun 2025
Emerging Towns & Cities Singapore Ltd. (ETC) has issued a profit warning for Q1 2025, anticipating losses driven by challenges in its China-based live streaming e-commerce operations
Summary:
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Financial outlook: Preliminary estimates show a Q1 2025 loss attributed to:
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Increased staffing costs for live streaming operations in China
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Rising depreciation expenses from related infrastructure
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Higher operating expenses in this segment
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Trading status: Shares have been suspended on SGX since March 2021, with no resumption timeline provided
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Results timeline: Unaudited financial results will be released by 23 June 2025
The company advises shareholders to exercise caution and consult financial professionals before making decisions