In the following post, TCK Guest Blogger will discuss Chip Eng Seng following a reader's request. Chip Eng Seng is engaged in the construction, manufacturing and trading of precast products, property development and investments, and hospitality businesses primarily in Singapore and Australia.
A quick snapshot of their past 3 year revenue contribution indicates that Chip Eng Seng's business have been fairly reliant on construction revenue and “Singapore-centric” other than FY 2012 with revenue contribution from Australia with the completion of 33M property development in Melbourne.
Profits for Q3 2014
For Q3 2014, Chip Eng Seng reported a profit attributable to owners of S$113.1 mil arising from the recognition of profits from Belvia, a DBSS project in Bedok Reservoir, leasehold residential development My Manhattan at Simei and industrial building 100 Pasir Panjang as these projects obtained TOP in 2014. Topline further grew from revenue contribution from ......