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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(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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