07-02-2011, 08:16 PM
dydx, pls help to explain what you meant by the big squeeze by Shell and Exxon Mobil companies?
I still trying to ascertain whether the fall in the gross margins in Q2 was industry wide impact or rather due to revenue recognition issues. As the warning mentions cost overrun, I am unsure whether this is a one off decline or permanent impact.
I believe the net loss is mainly due to foreign exchange losses as USD has fallen against SGD.
I still trying to ascertain whether the fall in the gross margins in Q2 was industry wide impact or rather due to revenue recognition issues. As the warning mentions cost overrun, I am unsure whether this is a one off decline or permanent impact.
I believe the net loss is mainly due to foreign exchange losses as USD has fallen against SGD.