Megachem warns that it will report lower earnings for 1HFY2023 ended June 30, due to inflationary pressure and a drop in demand after customers are done stocking up in the year earlier period.
However, it is unable to give more details on the potential impact it has suffered from a fire at its warehouse on July 5.
Back then, Sidney Chew, the company's managing director, had told the Straits Times that the fire might have caused some $10 million in damages - a sum the company later clarified as a preliminary assessment.
Megachem expects to report its 1HFY2023 earnings on or about Aug 10.
Megachem shares last changed hands at 50 cents on July 6. It is down 2.94% year to date.
