Sin Ghee Huat Corporation Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2016; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending June 30, 2016
For the nine months, the company reported revenue of SGD 41,175,000 against SGD 44,079,000 a year ago. Profit from operating activities were SGD 8,000 against SGD 3,463,000 a year ago. Profit before tax was SGD 241,000 against SGD 3,663,000 a year ago. Net profit for the period was SGD 163,000 against SGD 2,973,000 a year ago. Basic and diluted earnings per share were 0.07 cents against 1.34 cents a year ago. Net profit attributable to equity holders of the company was SGD 146,000 against SGD 3,087,000 a year ago. Net cash from operating activities was SGD 9,772,000 against net cash used in operating activities of SGD 404,000 a year ago. Purchase of property, plant and equipment was SGD 115,000 against SGD 753,000 a year ago.
The group is expected to incur a loss for the fourth quarter and full year ending 30 June 2016.