Singapore Kitchen Equipment Limited: Profit Guidance for 1H2025
Singapore Kitchen Equipment Limited (“SKE” or “the Company”) has issued a profit guidance announcement for the half year ended 30 June 2025 (1H2025). This disclosure provides investors with an early indication of the Company’s expected financial performance ahead of the formal results release.
Key Highlights from the Announcement
- Expected Results: The Group is projected to report a higher loss for 1H2025 compared to the same period in 2024.
- Main Drivers: The loss is attributed to a significant reduction in revenue and increased costs during the period.
- Upcoming Disclosure: Detailed unaudited financial results for 1H2025 will be released on or before 14 August 2025.
Summary Table: Key Financial Metrics (Guidance)
| Metric |
1H2025 (Guidance) |
1H2024 (Actual) |
YoY Change |
| Revenue |
Significantly Lower |
Not Disclosed |
Decrease |
| Net Profit / (Loss) |
Higher Loss |
Loss (amount not disclosed) |
Negative |
| EPS |
Not Disclosed |
Not Disclosed |
Not Disclosed |
| Dividend |
Not Disclosed |
Not Disclosed |
Not Disclosed |
Chairman’s Statement and Tone
The profit guidance, signed by Chairman and Independent Non-Executive Director Lim Chee San, adopts a cautious and transparent tone. The statement directly addresses the anticipated deterioration in financial performance and attributes it to both top-line weakness and cost pressures. There is no attempt to downplay the challenges, but rather to provide shareholders with timely information ahead of the final results.
Forward-Looking Events and Outlook
- Final Results Date: Investors should expect the unaudited results for 1H2025 to be published on or before 14 August 2025.
- Business Risks: The combination of declining revenue and rising costs, as flagged in the announcement, suggests that SKE faces ongoing operational headwinds.
Conclusion
Based on the profit guidance, Singapore Kitchen Equipment Limited is experiencing a period of financial weakness, with both revenue declines and cost increases expected to result in a higher loss for the first half of 2025 compared to the prior year. The outlook, as currently presented, is negative. Investors should monitor the upcoming detailed results for further disclosures on the scale of the losses, management’s response to these pressures, and any potential turnaround strategies.
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