3Cnergy Limited provided group earnings guidance for the six months ended June 30, 2014. The Group is expected to report a greater consolidated net loss for six months ended June 30, 2014 when compared to a consolidated net loss of approximately SGD 2.2 million in the corresponding six-month financial period ended June 30, 2013, mainly due to the reasons as reduced commission income from lower property transactions volume as a result of various rounds of property cooling measures introduced by the Government of Singapore; and increase in provision for doubtful debts mainly related to outstanding sum due from developers for local projects.
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- 3Cnergy Limited Provides Group Earnings Guidance for the Six Months Ended June 30, 2014