Chemical Industries (Far East) Limited (C05.SI) said it expects significantly narrower losses for financial year 2026 versus 2025, mainly reflecting cost savings.
The company attributed the expected improvement to rightsizing of organization mainly with headcounts reductions and lower costs across manufacturing operations. Further, multiple tender wins at better prices benefited the results.
In fiscal 2025, loss attributable to owners of the company was S$21.46 million, and loss before tax was S$22.10 million. The guidance reflects the board's preliminary assessment following a review of unaudited results.
The company plans to release full unaudited consolidated financial statements for 2026 on or before May 30.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.