Hiap Hoe Limited provided earnings guidance for the fourth quarter ended December 31, 2014. Following a preliminary review of the Group's unaudited financial results, the Board announced that the company is expected to record a net loss for fourth quarter 2014, but will still maintain a profitable position for the full year ended December 31, 2014. The expected loss was mainly attributable to: Agent sales commissions on sold units for Marina Tower, a residential property a Melbourne which forms part of the mix-development project; Qualifying certificate extension charges for Treasure On Balmoral; Impairment loss for Treasure On Balmoral; Foreign exchange loss; Fair value loss on investment in Ley Choon Group Holdings; and Property taxes.
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5-day change | 1st Jan Change | ||
0.605 SGD | -1.63% |
|
0.00% | -5.47% |
Jul. 01 | Hiap Hoe Limited Announces Appointment of Tan Kim Seng as Executive Director | CI |
Apr. 30 | Hiap Hoe Limited Approves Final Dividend | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-5.47% | 215M | |
+29.61% | 25.83B | |
+14.53% | 24.8B | |
-4.82% | 23.69B | |
-19.24% | 23.03B | |
+34.43% | 20.18B | |
+1.64% | 19.37B | |
-2.33% | 18.24B | |
+43.84% | 18.17B | |
+17.43% | 14.23B |
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- Hiap Hoe Limited Provides Earnings Guidance for the Fourth Quarter Ended December 31, 2014