Oxley Holdings expects net loss in FY 2024

Blame it on lower sales from property developments.

Oxley Holdings Limited is expecting a net loss for its fiscal year 2024 (FY 2024) based on preliminary review of its unaudited financial statements.

In a regulatory filing, the company said the same is expected for the second half of its FY 2024. The loss was associated with impairment losses, finance costs, and the lower revenue recognised from its property development projects.

Oxley said it is in the process of finalising the unaudited financial results of the group for FY 2024. Further details of its financial performance will be disclosed when the company announces its unaudited financial results for both periods on or before 29 August 2024.

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