Singapore eDevelopment Limited provided preliminary unaudited earnings guidance for the six months ended June 30, 2016. The Group expects to report a loss for first half 2016, principally due to the revenue for the Group's major property development projects near Washington D.C., in Frederick County, Maryland has not yet been recognised in first half 2016; the lower revenue generated from the property development projects in El Tesoro, Houston, Texas, USA as compared to the six months financial period ended 30 June 2015; and operating expenses incurred in respect of the Group's information technology business including HotApp as well as the Group's investment business.