TEE International Limited Reports Unaudited Group Earnings Results for the Second Quarter and Six Months Ended November 30, 2017; Reports Impairment Loss on Completed Properties and Land Held for Sale for the Second Quarter Ended November 30, 2017
For the six months, the company reported revenue of SGD 115,027,000 against SGD 128,717,000 a year ago. Loss before tax was SGD 7,903,000 against profit of SGD 2,854,000 a year ago. Loss attributable to owners of the company was SGD 6,135,000 against profit of SGD 1,042,000 a year ago. Diluted loss per share was 1.22 cents against diluted earnings per share of 0.21 cents a year ago. Net cash from in operating activities was SGD 11,209,000 against net cash used in operating activities was SGD 27,227,000 a year ago. Purchase of property, plant and equipment was SGD 62,000 against SGD 5,515,000 a year ago.
For the quarter, the company reported impairment loss on completed properties and land held for sale was SGD 1,799,000.