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MANUFACTURING | Staff Reporter, Singapore

Cosmosteel warns of loss for Q1

Blame it on sluggish demand.

Mainboard-listed Cosmosteel Holdings has issued a profit guidance warning investors that it expects to book a loss for the first quarter of its financial year.

The group blamed sluggish market conditions for its inability to make a profit, saying that demand is “insufficient to cover the fixed operating costs” of the group.

The group will unveil its full results on or before February 12.

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