CSC Holdings Limited announced that based on the preliminary review of the draft unaudited consolidated financial results for the fourth quarter ended March 31, 2015, the group expected to report a net loss for the fourth quarter of 2015. The construction sector in Singapore continues to be very challenging in fourth quarter of 2015 due to weak private residential demand as a result of cooling measures introduced by the Singapore government. Public residential projects has also eased considerably in fourth quarter of 2015 following the ramp-up in previous years.

Consequently, the group expected to report an operational loss in fourth quarter of 2015.