Singapore eDevelopment Limited provided group earnings guidance for the six months ended June 30, 2017. The Group expects to report a loss for the six months ended June 30, 2017, principally due to the following factors: the Group's major property development project in Houston, Texas has yet to start generating revenue; the Group's major property development project near Washington D.C., in Frederick County, Maryland started generating revenue in first half of 2017, however the initial lot sales in accordance to the lot purchase agreements are small; the operating expenses incurred are higher than the revenue generated from the network marketing platform at this early stage; research and development expenses were incurred in respect of the Group's Biomedical business; and operating expenses were incurred in respect of the Group's Information Technology business (including HotApp) as well as the Group's Investment business.