Bukit Sembawang Estates was incorporated in Singapore on 27 June 1967 to acquire Bukit Sembawang Rubber Co Ltd.
The principal activity of the Company is that of an investment holding company whilst the principal activities of the subsidiaries are those of property development, property mortgage financing and the holding of properties and investments. The Group mostly developes landed properties around the Seletar and Sembawang areas.
10 Feb 2017
Jan 2017
Revenue for the quarter declined 75.6% to $10.4 million from $42.6 million previously due to lower profit margins in comparison to that of 3Q16.
At the same time, gross profit fell 76.1% to $7.6 million mainly due to lower sales and lower profit recognition on development projects.
3Q17 earnings of $5.4 million, down 78% from $24.3 million a year ago.
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