Link: https://links.sgx.com/1.0.0/corporate-announcements/3OAH55COKW446HJG/ac8c5dc1d12ab3a5160720c0824dab3089e46270349bc5215c39b5fcb86693be

Summary:

• Chemical Industries (Far East) Limited anticipates reporting a loss for the financial year ended 31 March 2025.
• The expected loss is significantly influenced by a challenging environment characterized by lower industrial demand and intense competition resulting in depressed pricing.
• Unfavorable contractual sales terms, high energy costs, and increased carbon tax further contributed to the anticipated loss.
• The expected loss also includes a fair value loss on investment properties.
• This preliminary profit guidance precedes the full release of unaudited consolidated financial statements for FY2025, expected on or before May 30, 2025.