GKE Corporation Limited Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended November 30, 2016
January 13, 2017 at 11:42 pm IST
GKE Corporation Limited announced unaudited consolidated earnings results for second quarter and six months ended November 30, 2016. For the quarter, the company’s revenue was SGD 11,940,000 against SGD 8,218,000 a year ago. Loss before tax was SGD 441,000 against profit of SGD 364,000 a year ago. Loss attributable to owners of the company was SGD 558,000 against profit of SGD 367,000 a year ago. Net cash flows used in operating activities was SGD 95,000 against net cash from operations of SGD 1,537,000 a year ago. Purchase of property, plant and equipment was SGD 742,000 against SGD 852,000 a year ago. Operating loss was SGD 509,000 against SGD 317,000 a year ago. Basic and diluted loss per share was 0.09 cents against earnings of 0.06 cents a year ago. Net loss attributable to shareholders was weighed down by the operating losses of Wuzhou Xing Jian; the significantly lower charter rates for the liquefied gas carrier vessel under its share of results of joint venture; and the lower profit contribution from warehousing & logistics division.
For the six months, the company’s revenue was SGD 23,295,000 against SGD 16,925,000 a year ago. Loss before tax was SGD 94,000 against profit of SGD 262,000 a year ago. Loss attributable to owners of the company was SGD 432,000 against profit of SGD 258,000 a year ago. Net cash flows used in operating activities was SGD 510,000 against net cash from operations of SGD 6,077,000 a year ago. Purchase of property, plant and equipment was SGD 4,282,000 against SGD 2,406,000 a year ago. Basic and diluted loss per share was 0.07 cents against earnings of 0.04 cents a year ago. The increase in revenue was mainly attributed to higher revenue contribution from Marquis Services Pte Ltd. and maiden contribution from the infrastructural materials & service segment.