Southern Archipelago Ltd. Issues Profit Warning for 1H 2025 Due to One-Off Adjustment
Link: https://links.sgx.com/1.0.0/corporate-announcements/E11OC31UVRSCFN4Y/7005524316e01b56b27373f63db013c2c9c422e1c3b8eddf51ab08beb61beeaa
Summary:
-
Southern Archipelago Ltd. expects to report a net loss for the six months ended 30 June 2025.
-
The anticipated loss is primarily attributed to a one-off non-accounting adjustment of approximately S$0.83 million from the voluntary liquidation of dormant subsidiary Trackplus Sdn. Bhd.
-
This adjustment does not reflect changes in the Group’s operational performance or cashflow.
-
Excluding the one-off loss, the Group would have recorded a net profit for 1H 2025.
-
More details will be provided when unaudited consolidated financial results are announced on or before 14 August 2025.
-
Shareholders are advised to exercise caution when dealing in the Company’s shares.