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594 — Capallianz Holdings News Story

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Singapore's Capallianz Holdings yearly revenue falls 47%

Singapore's Capallianz Holdings yearly revenue falls 47%


Overview

  • Singapore investment holding firm's full-year revenue fell 47% yr/yr

  • Company posted $7.2 mln pretax loss for the year

  • Net loss attributable to equity holders narrowed yr/yr


Outlook

  • Company did not provide specific financial guidance or outlook for future periods in the press release


Result Drivers

  • TECHNICAL-SERVICES SUSPENSION – Revenue fell 47.4% to US$1.9 mln as services to two defaulting customers were suspended, eliminating technical-services revenue

  • LOWER THAILAND PRODUCTION – Oil-and-gas revenue fell 10.8% to US$1.6 mln due to lower production volumes

  • OIL-PROPERTY IMPAIRMENT – A US$4.7 mln impairment loss on oil and gas properties weighed on the year's US$7.2 mln pre-tax loss


Company press release: ID:nSN6HT9v8


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Revenue

$1.9 mln

FY Pretax Loss

$7.24 mln


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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