1-in-4 SGX listed companies in the red; total profits down 19%
- The Business Times
SINGAPORE's latest earnings season is tapering off with over 300 companies having given investors the chance to do a reality check. The verdict so far: one in four companies was in the red, according to data compiled by The Business Times, and overall, total earnings of almost S$40 billion were down 19 per cent. The big downers include telcos and commodities, with risk aversion amid a slowing global economy and trade war fears taking a toll on many corporates....