Singapore's Memiontec half-year revenue slips 52% year over year

Memiontec Holdings

13/08/2026 12:50

Overview
Singapore water treatment firm's half-year revenue dropped 52% yr/yr
Net loss for the period narrowed 19% yr/yr
Operating loss decreased 17% yr/yr

Outlook
Company has assessed the Group's ability to continue as a going concern, taking into consideration its financial position and cash flow forecasts for at least the next 12 months

Result Drivers
OPERATING EXPENSES - General and administrative expenses remained stable, limiting further loss escalation
FINANCE COSTS - Finance costs and joint venture losses contributed to overall loss

Company press release: ID:nSN2sFg3X

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$7.65 mln
 
H1 Net Loss
 
S$3.21 mln
 
H1 Operating loss
 
-S$2.57 mln
 
H1 Pretax Loss
 
S$3.18 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.)