TEE Land

TEE Land: Net profit for 1QFYJun14 decreased 22.3% to $0.6m mainly due to the remainder of the IPO expenses and unrealised FX losses, which were off-set by the increase of share of results of associates. Group’s revenue rose significantly to $13.6m (+276.9%) on the back of progress development on current projects 91 Marshall and The Peak @ Cairnhill I. Going forward, group remains cautious of the challenging environment in Singapore due to the introduction of the cooling measures, but see growth opportunities in the ASEAN region.