This profit guidance is based on a preliminary review of the unaudited financial results of the group
for 1HFY2021. The group is still in the process of finalising the financial results for 1HFY2021 and
further details of its financial performance for 1HFY2021 will be disclosed when it announces its 1HFY2021 financial results on or about September 16, 2021.
To recap, the group recorded a loss of $2.6 million in its FY2020 ended December, compared to earnings of $6.7 million in FY2019. This was as revenue dropped 32.8% y-o-y to $27.8 million, mainly due to fewer Golden City property units recognised as revenue in FY2020 -- 50 units were recognised as revenue in FY2020 as compared to 107 units in FY2019.
Shares in ETC closed at 3.4 cents.
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