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PR Newswire
03-12-2018, 10:58 AM
(09-09-2017, 12:18 PM)Stocker Wrote: Is the industrial project in Tuas receiving good response with situation of over supply ?
Revenue increased by 77% to $151.7 million, contributed mainly from the much higher construction activities for the Joint Venture Changi Airport project. [b]Revenue of $4.3 million was recognized for Property Development in relation to the sales of units at Shine@TuasSouth. About 5% of the units at Shine@TuasSouth were sold as at 30 September 2018. Rental income from Investment properties remained insignificant.[/b]
Gross profit increased by $4.3 million (+49%) to $13.2 million mainly due to the higher revenue from the Civil Engineering segment. Gross margin for the ongoing projects was lower for the current financial period. [b]No contribution of gross profit from Property development segment despite of sales recognition , as the Shine@TuasSouth project is not expected to be profitable due to current subdue market conditions.
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“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.