TEE Land Limited provided earnings guidance second quarter and half-year financial results for the financial period ended 30 November 2017. The Board of Directors of TEE Land Limited deems it is appropriate to issue a profit guidance based on its preliminary assessment of the group's unaudited second quarter and half-year financial results for the financial period ended 30 November 2017. The Group expects to report a loss for second quarter and half-year of 2018, which was mainly due to the following reasons Impairment loss of SGD 6.2 million in second quarter of 2018 on the proposed disposal of all the Group's shareholding in its 31.88% owned Thai associate, Chewathai Public Company Limited, as announced on 20 December 2017; and Impairment loss of SGD 1.8 million in second quarter of 2018 for the unsold units in Peak I as at 30 November 2017 as the recent sale of one of the units provided indication that the net realizable value of these unsold units has declined.