The net loss was mainly due to a decrease in sales revenue on the back of the Covid-19-induced lockdown in Shanghai for close to two months.
The shortage of integrated circuit (IC) chips also affected customers’ demands.
In addition, the uncertainty in Europe due to the Russo-Ukraine war as well as the ongoing Sino-US trade war contributed to the lower sales revenue, says the group.
The group will announce its results on or before Aug 14.
See also: Keppel Pacific Oak US REIT’s 1QFY2025 distributable income falls by 19.3% y-o-y to US$9.6 mil
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Shares in Meta Health closed 0.2 cent lower or 6.45% down at 2.9 cents on July 18.
