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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.