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TEE Land Back In The Back With Net Profit Of $11.1 Million For FY15
Daily Bulletin | 30 July 2015
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TEE Land announced FY15 revenue of $217.9 million, up 7.4 percent from a year ago, mainly due to higher revenue recognised for ongoing real estate and engineering projects.

Cost of sales decreased by $18.3 million due to a one-off project cost overrun in FY14. Coupled with a 23.5 percent jump in share of results of associates, the company swung back to the black with a net profit of $11.1 million.

Currently, the group has a total outstanding engineering order book of approximately $455 million.

TEE Land  0.163 +0.003 +1.88%   
Business: Co is a real estate developer pre-dominantly focused on the Singapore market. [FY18 Turnover] Property development (91.4%), hotel operations (6.4%), investment properties (2.2%).

Insight: Apr-19, 9M18 revenue rose 12.1% to $87.5m due to h... Read More


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