The board of Gallant Venture 5IG has announced that it expects to report a net loss for the FY2023 ended Dec 31, 2023.
The expected net loss for the full-year period is mainly due to higher finance costs and lower profit contributions from Gallant Venture’s associated companies
The company is in the process of finalising its unaudited consolidated financial results for 2HFY2023 and FY2023, which it plans to announce on or before Feb 29.
Shares in Gallant Venture closed unchanged at 13.2 cents on Feb 19.
