HS Optimus Flags Net Loss for Fiscal H1; Shares Plunge Over 33%

MT Newswires

11/04

HS Optimus (SGX:504) is expecting to book a net loss for the fiscal first half ended Sept. 30, according to a Monday filing with the Singapore Exchange.

Shares of the company were down over 33% in Tuesday trading.

The company has attributed the expected loss to geopolitical and macro-economic headwinds and higher finance costs from a loan obtained by a subsidiary.

The company will release its financial results on or before Nov. 14.

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