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Lafe Corporation Limited Issues FY 2012 Profit Guidance


Thursday, 31 Jan 2013 04:17am EST 

Lafe Corporation Limited announced that the Company and its subsidiaries (the Group) is expected to record a reduced profit for the full financial year ended December 31, 2012, as compared to the previously announced results for the nine months ended September 30, 2012. The profit reduction primarily resulted from the impairment in value of the Group's investment property at Emerald Hill, Singapore, which takes into account the impact of the recent Singapore Government cooling measures. The profit guidance is based on a preliminary review of the unaudited financial results of the Group. The unaudited consolidated financial results for the year ended December 31, 2012, will be announced on or before February 28, 2013. 

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