Design Studio Group Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported revenue of SGD 36,154,000 against SGD 31,872,000 a year ago. Loss after tax was SGD 11,488,000 against profit of SGD 2,581,000 a year ago. Loss per share based on weighted average number of ordinary shares on issue was 4.42 cents against earnings per share of 0.99 cents a year ago.

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.