Trendlines Group ( (SG:42T) ) has provided an update.
The Trendlines Group Ltd. has announced an expected net loss between US$9 million and US$11 million for the fiscal year ending December 2024. This financial downturn is attributed to increased expenses from portfolio companies raising funds for development and a decline in portfolio value due to write-offs and write-downs. These financial adjustments do not impact the company’s cash position. Shareholders are advised to exercise caution, with further financial details to be provided by March 1, 2025.
More about Trendlines Group
The Trendlines Group Ltd., incorporated in Israel, operates within the financial sector. The company is involved in managing a portfolio of companies focused on raising funds and further development, particularly in Singapore.
YTD Price Performance: -9.80%
Average Trading Volume: 338,565
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$50.23M
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