Singapore eDevelopment Limited provided preliminarily earnings guidance for the half year ending 30 June 2015. The company announced that the group expects to report a loss for the period, primarily due to two reasons: As projects under its property division are currently at the development stage, only low revenue is expected to be recognised during the period under review; and as HotApp, the main mobile application under the Information Technology division, only recently conducted its beta launch in China with a view to acquiring a user base, it has yet to generate revenue.
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- Singapore eDevelopment Limited Provides Preliminarily Earnings Guidance for the Half Year Ending 30 June 2015