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Cost overrun pushes TEE Int'l into the red

Earlier unaudited results had shown an $8m profit

TEE International said it swung to a loss of S$10.69 million for the fiscal year ended May 2014 (FY2014) after making a material adjustment to include a S$18.95 million project cost overrun on a completed project.This latest audited figure reverses the mainboard-listed property and engineering

sentifi.com

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