LEGION CONSO issued a profit warning, expecting a mid-term loss attributable to shareholders of approximately SGD 1.57 million
LEGION CONSO issued a profit warning, expecting a loss attributable to shareholders of approximately SGD 1.57 million for the six months ending June 30, 2025, compared to a profit of SGD 3.27 million in the same period last year. The reasons for the loss include decreased market demand, increased operating costs, reduced other income, and rising operating expenses
According to the announcement from LEGION CONSO (02129), it is expected to incur a loss attributable to owners of approximately SGD 1.57 million for the six months ending June 30, 2025, compared to a profit attributable to owners of approximately SGD 3.27 million for the same period last year.
The anticipated loss is mainly due to: (i) a decrease in market demand, leading to a significant reduction in sales of truck transportation and freight forwarding services; (ii) an increase in operating costs, including maintenance and logistics-related expenses, which compressed profit margins and affected profitability; (iii) a decrease in other income, particularly a reduction in interest income from time deposits and the impact of foreign exchange fluctuations; (iv) an increase in operating expenses, including additional professional fees, bank charges, and other administrative costs
