In its profit guidance for the financial year ended Sept 30, Acromec has guided that it expects to report losses for the FY2020.
The poorer performance is attributable to the “low business activities” as construction activities at its worksites have been “hampered” by the Covid-19 pandemic.
The company’s unaudited financial results for the FY2020 will be released on or before Nov 27, 2020.
Shares in Acromec closed 0.2 cents higher or 1.8% up at 11.3 cents on Nov 20.
See: ST Engineering expects FY2020 revenue to be 'close to midpoint' of 5% to 15% lower than year before in business update