Singapore eDevelopment Limited provided earnings guidance for the financial year ended 31 December 2015. For the period, the group expects to report a loss, primarily due to two reasons: The group's major property development projects, Ballenger Run and Black Oak, are not expected to commence revenue recognition until the financial year of 2016, as previously disclosed in the USA Property Update Announcements; and Development costs and operating expenses incurred for Hotapp. However, the Board notes that the preliminary unaudited financial loss for is significantly lower as compared to SGD 20.8 million loss reported for fiscal year 2014.
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- Singapore eDevelopment Limited Provides Earnings Guidance for the Financial Year Ended 31 December 2015