Memiontec forecasts net loss in H1

This is due to lower gross margins recognised from ongoing projects.

Memiontec Holdings Ltd. expects to report a net loss in the first half of 2025, down from the net profit recorded during the same period last year. 

The company attributed this to the lower gross margins recognised from some of its ongoing projects in Singapore.

The lower gross margins from these ongoing projects were mainly due to prolonged construction periods, which resulted in higher manpower and finance costs. They are expected to be completed by 31 December 2025, the end of the current financial year.

The unaudited interim consolidated financial results of the group for H1 2025 will be released on or before 14 August.