ecoWise issues profit warning

SINGAPORE - Environmental firm ecoWise Holdings on Monday issued a warning that it expects to report a net loss for the third quarter and the nine months to July 31.

This was largely due to an impairment loss from Changyi Enersave Biomass to Energy, its wholly-owned subsidiary in China.

The firm is still finalising its financial results for the three months to July 31, and will release the final statement on or before Sept 13.