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*sigh* I dun understand why they cannot use simple English in their press release.
So let's try to break it down further one at a time to see if we can untangle the legal doublspeak.
'lower net loss for the Q4 2014 compared to the corresponding periods of the previous year' ==> lower than -S$4.2 million
'lower net loss for the FY 2014 compared to the corresponding periods of the previous year' ==> lower than -$3.7 million
Since 9M2014 net profit is S$1.77 million, that means for FY2014, net loss will be between 2.43 and 3.7 million.
2.43 million is derived from taking 1.77 (profit for 9M2014) add to expected loss for Q42014 which I just used -4.2 million.
Does the above calculation makes sense?? (NB: Edited to correct calculation error
)
So let's try to break it down further one at a time to see if we can untangle the legal doublspeak.
'lower net loss for the Q4 2014 compared to the corresponding periods of the previous year' ==> lower than -S$4.2 million
'lower net loss for the FY 2014 compared to the corresponding periods of the previous year' ==> lower than -$3.7 million
Since 9M2014 net profit is S$1.77 million, that means for FY2014, net loss will be between 2.43 and 3.7 million.
2.43 million is derived from taking 1.77 (profit for 9M2014) add to expected loss for Q42014 which I just used -4.2 million.
Does the above calculation makes sense?? (NB: Edited to correct calculation error
)