Design Studio Group Ltd Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Reaffirms Earnings Guidance for the Full Year Ending 31 December 2018
For the nine months, the company reported revenue of SGD 125,743,000 against SGD 100,716,000 a year ago. Loss after tax was SGD 10,189,000 against profit of SGD 4,874,000 a year ago. Loss per share based on weighted average number of ordinary shares on issue was 3.93 cents against earnings per share of 1.87 cents a year ago.
In line with the profit warning announcement dated on 19 October 2018, the Group is expected to report a loss for the full year ending 31 December 2018.