Memiontec (SGX:TWL) is projecting a net loss for the first half of the year compared to a net profit a year earlier, according to a Friday filing with the Singapore Exchange.
The company has attributed the expected loss to lower gross margins from ongoing projects due to prolonged construction periods.
The company will release its financial figures on or before Aug. 14.
Shares of the company were down over 7% in recent trading.
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