Pollux Properties Flags Lower Profit for 2024

MT Newswires

02/25

Pollux Properties (SGX:5AE) anticipates lower profit for 2024 compared with the previous year, according to a filing with the Singapore Exchange on Monday.

The company attributed the forecast to fair valuation losses on its investment properties, an increase in property tax, and the depreciation of the Indonesia rupiah against the Singapore dollar.

The property investment firm will release its financial results on or before Friday.

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