Home Capital Results

Singapore eDevelopment narrows losses to $5.3 mil in FY17

Samantha Chiew
Samantha Chiew2/27/2018 08:12 PM GMT+08  • 2 min read
Singapore eDevelopment narrows losses to $5.3 mil in FY17
SINGAPORE (Feb 27): Singapore eDevelopment announced that its FY17 losses have narrowed by 26% to $5.29 million, compared to $7.18 million in FY16.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Feb 27): Singapore eDevelopment announced that its FY17 losses have narrowed by 26% to $5.29 million, compared to $7.18 million in FY16.

Revenue for the full year ended Dec 2017 spiked up to $15.0 million, compared to $1.70 million in the previous year, mainly attributed to higher contribution from the group’s US project in Maryland, Ballenger Run; property development business’ home incubation in Texas; and a consultancy contract to restructure a US OTCBB-listed biomedical company.

Similarly, cost of sales increased to $12.4 million from $1.48 million last year.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now