13-11-2015, 05:54 AM
(13-11-2015, 04:56 AM)kyle Wrote: I thought initially high park residence is progressive recognition. But the table from pg 15 in this qrt result showed revenue recognition method is on project completion.
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Ya, you are right Kyle. Didn't spot there. A tad odd, but maybe they want to postpone profit there till 2018 as 2016/7 will alredy see steady contribution from its other projects. They have a right to do it I think cos it has a commercial portion in the project.