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Chip Eng Seng to report net loss for FY2020

Felicia Tan
Felicia Tan1/11/2021 8:35 AM GMT+08  • 4 min read
Chip Eng Seng to report net loss for FY2020
Based on its preliminary review, the company says it expects to incur a wider net loss for FY2020 compared to 1HFY2020.
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Chip Eng Seng has guided that it will report a net loss for FY2020 ended Dec 31, 2020, compared to the net profit of some $32.6 million for the FY2019 ended Dec 31, 2019.

The company, on Aug 3, 2020, announced a net loss of $25.7 million for the 1HFY2020 ended June 30, 2020.

Based on its preliminary review, the company says it expects to incur a wider net loss for FY2020 compared to 1HFY2020.

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