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15-11-2012, 07:34 AM
(This post was last modified: 15-11-2012, 07:36 AM by revelationofpyramids.)
In CES 2012 1H results media release first page:
“CES’ performance in 2Q 2012 was affected by the lack of profit recognition on projects sold previously. These include our Melbourne project and our DBSS and EC projects in Singapore which had enjoyed a healthy level of sales. 33M, our Melbourne project and Privé and Belysa, our joint venture EC projects are fully sold while our DBSS project Belvia is already 79% sold.”
- Executive Chairman, Mr Lim Tiam Seng
One can also look at NRA's report on CES which lists out the estimated completion dates of all its projects, with a remark: "Percentage of completion method is used to recognise
revenue and expenses of My Manhattan and Fulcrum." Notice that Prive, Belysa and Belvia are not named, altough they are in the list of projects.
“CES’ performance in 2Q 2012 was affected by the lack of profit recognition on projects sold previously. These include our Melbourne project and our DBSS and EC projects in Singapore which had enjoyed a healthy level of sales. 33M, our Melbourne project and Privé and Belysa, our joint venture EC projects are fully sold while our DBSS project Belvia is already 79% sold.”
- Executive Chairman, Mr Lim Tiam Seng
One can also look at NRA's report on CES which lists out the estimated completion dates of all its projects, with a remark: "Percentage of completion method is used to recognise
revenue and expenses of My Manhattan and Fulcrum." Notice that Prive, Belysa and Belvia are not named, altough they are in the list of projects.