Singapore eDevelopment braces for loss, issues profit warning for FY14

Due to losses in the construction business.

Catalist-listed Singapore eDevelopment today issued a profit warning for FY14, with the company expecting to report a loss in its unaudited financial results.

The loss is mainly due to losses incurred by its legacy construction business prior to the disposal of CCM Industrial in May 2014, along with losses and provision made arising from claims against corporate indemnities previously issued to its legacy construction business.

The group’s bottomline was also impacted by non-cash fair value adjustment of embedded financial derivative arising from the issuance of exchangeable notes.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia