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Secura guides for 2Q loss; share price hovers near all-time low

Stanislaus Jude Chan
Updated

SINGAPORE (July 22): Security solutions provider Secura Group says it is expected to report a net loss for the 2Q19 ended June.

This is mainly due to the non-recurrence of an overseas contract and a loss incurred on a system integration project which had since been completed.

However, the group says it expects to remain profitable overall for the six months ended June.

The company is still in the process of finalising the financial results of the group for 2Q19, and expects to disclose its results on Aug 1.

Shares in Secura closed flat at 6.3 cents on Friday, hovering near its all-time low of 6 cents.

The stock has fallen 30% from its recent peak of 9 cents in April this year – a long way off from its IPO price of 25 cents in January 2016.