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Indigo Star (08373) sees no more than S$1M loss for 1H
22 Jul 2019
(Infocast News) Indigo Star Holdings (08373) expects no more than S$1 million loss after tax for the six months ended 30 June 2019, as compared to an after-tax profit for the corresponding period in 2018.

The company said the "Board considers that such loss position is principally due to a decrease in revenue, which was mainly due to the completion of contracts in hand in the prior year leading to a decrease in outstanding contract value brought forward from the beginning of the Period, which led to a decrease in the number of ongoing projects. As at 30 June 2019, the Group had an aggregate outstanding contract value of approximately S$22.6 million, of which, three contracts with an aggregate contract value of approximately S$16.7 million were awarded during the six months ended 30 June 2019."

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