EcoWise (SGX:5CT) expects to book a net loss from continuing operations for the fiscal third quarter and nine months ended Jan. 31, according to a Friday filing with the Singapore Exchange.

Shares of the resource recovery and renewable energy company were down over 5% in Monday trading.

The company has attributed this to lower income and higher administrative expenses dictated by higher manpower costs.

Ecowise will release its financial statements on or before March 17.