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Last $0.04 SGD
Change Today -0.004 / -8.89%
Volume 73.0K
LAFE On Other Exchanges
As of 12:04 AM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

lafe corp ltd (LAFE) Snapshot

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52 Week High
04/29/14 - $0.07
52 Week Low
03/10/15 - $0.02
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Current Stock Chart for LAFE CORP LTD (LAFE)

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lafe corp ltd (LAFE) Details

Lafe Corporation Limited, an investment holding company, is engaged in property investment, development, agency, and consultancy activities. The company conducts its operations through Property segment. It primarily develops townhouses and apartments. The company also provides property management, property appraisal, architectural consultancy, building consultancy, corporate administration, and security guard services, as well as holds trademarks. It has operations in Singapore, Hong Kong, and the People’s Republic of China. The company was incorporated in 1999 and is based in Singapore. Lafe Corporation Limited is a subsidiary of Clarendon Investments Capital Limited.

Founded in 1999

lafe corp ltd (LAFE) Top Compensated Officers

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lafe corp ltd (LAFE) Key Developments

Lafe Corporation Seeks A Buyer For Its Emerald Hill Project

Lafe Corporation Limited (SGX:L05) is looking for a buyer for its balance 21 units of its Emerald Hill project. Lafe Corporation appointed property consultants Knight Frank and Vigers to conduct an expression of interest exercise to find a buyer. Knight Frank declined to comment.

Lafe Corporation Limited Reports Unaudited Group Earnings Results for the Year Ended December 31, 2014

Lafe Corporation Limited reported unaudited group earnings results for the year ended December 31, 2014. For the year, the company’s revenue was $13,707,000 against $13,184,000 a year ago. Loss before taxation was $60,720,000 against $18,425,000 a year ago. Net loss for the period was $51,674,000 against $16,751,000 a year ago. Basic and diluted loss per share was 4.43 cents against 1.44 cents a year ago. Net cash generated from operating activities was $4,148,000 against net cash used in operating activities of $966,000 a year ago. Acquisition of plant and equipment was $262,000 against $431,000 a year ago. The increase in revenue was mainly attributable to an increase in rental income and the service income generated from the new venture business.

Lafe Corporation Limited Provides Earnings Guidance for the Full Year Ended December 31, 2014

Lafe Corporation Limited provided earnings guidance for the full year ended December 31, 2014. The Group expects to record a net loss for full year of 2014. The expected net loss is likely to be significantly greater than the group's net loss of $16.751 million for the financial period ended 31 December 2013 mainly due to the impairment loss on the valuation of the Investment Property situated at Emerald Hill, Singapore.


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