Investors
News
News
Responses To SGX Queries :: On Financial Statements :: Response To Query On The Unaudited Full Year Results Announcement Released On 27 February 2012
BackMar 01, 2012
| Title | RESPONSE TO QUERY ON THE UNAUDITED FULL YEAR RESULTS ANNOUNCEMENT RELEASED ON 27 FEBRUARY 2012 | |
| Subject Of Query | On Financial Statements | |
| Description | The Board of Directors of CSE Global Limited (the "Company") wishes to announce the following in response to the query raised by the Singapore Exchange Securities Trading Limited ("SGX-ST") in its e-mail dated 1 March 2012 in relation to the Company's FY2011 results announcement: SGX-ST's query: The Company disclosed in its profit guidance dated 6 February 2012 that "In 4Q 2011 CSE has been adversely affected by the fact that several of our customers were late in providing approval for our engineering designs which has led to a lower than planned lower revenue and profit contribution from those contracts". As it is not explained in the FY2011 announcement, to clarify whether these sales orders will be recognized as revenue in 1QFY12. Company's response: The customers have approved the engineering designs for these contracts in January/February 2012. The Company will not substantially recognized the delayed segment of the revenue and profit contribution from these contracts in 1QFY2012 but will instead recognized them over the full financial year of 2012. By Order Of The Board Tan San-Ju Company Secretary 1 March 2012 |
|
