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Home / News / Company News

Acromec says it expects losses for FY2020 in profit guidance

Company in the news

Acromec says it expects losses for FY2020 in profit guidance

Felicia Tan Published on Fri, Nov 20, 2020 / 7:06 PM GMT+8

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.