by winston » Thu Nov 03, 2011 8:13 pm
not vested
Chip Eng Seng's Q3 net profit tumbles 75%
By ANGELA TAN
Chip Eng Seng Corporation reported on Thursday that its net profit for the third quarter ended September 30, 2011, plunged 75.1 per cent from a year ago to S$24.85 million.
Revenue fell 37.2 per cent to S$72.30 million due to lower contribution from a development project, Oasis@Elias which obtained TOP on 26 September 2011.
Depending on market sentiment and conditions, the group expects to launch its 136-unit freehold condominium development in Fort Road, in the coming months.
It will continue to be prudent and selective as it seeks opportunities to build up its landbank.
Source: Business Times
It's all about "how much you made when you were right" & "how little you lost when you were wrong"