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25-05-2012, 10:22 AM
(This post was last modified: 25-05-2012, 10:32 AM by Stockerman.)
Still no news of CPIB investigation?
Seems that the financial performance of company is going downhill year after year since FY2010...
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Hiap Seng Engineering on Thursday reported a loss of $2.23 million for the fourth quarter ended March 31, 2012, despite a 21.3 per cent increase in turnover to $39.34 million.
The group, which posted a profit of $0.71 million a year ago, explained that the loss is due to the increase in administration costs and the share of loss of associated companies, primarily due to the low level of operations in Thailand.
For the full year ended March 31, the group made a profit of $4.28 million, representing a 46.7 per cent decrease from a year ago.
Cumulative turnover fell 11.1 per cent to $167.5 million from a year ago, due to lower revenue recognition.
Consequently, earnings per share for the year fell to 1.41 cents from 2.64 cents a year ago.
A 0.5 cent per share final dividend has been recommended, with an interim dividend of one cent per share paid earlier in the year, the total dividends for FY2012 is 1.5 cents per share. A year ago, it paid a total of 2 cents per share in dividends, comprising of interim and final dividends of one cent per share each.
Seems that the financial performance of company is going downhill year after year since FY2010...
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Hiap Seng Engineering on Thursday reported a loss of $2.23 million for the fourth quarter ended March 31, 2012, despite a 21.3 per cent increase in turnover to $39.34 million.
The group, which posted a profit of $0.71 million a year ago, explained that the loss is due to the increase in administration costs and the share of loss of associated companies, primarily due to the low level of operations in Thailand.
For the full year ended March 31, the group made a profit of $4.28 million, representing a 46.7 per cent decrease from a year ago.
Cumulative turnover fell 11.1 per cent to $167.5 million from a year ago, due to lower revenue recognition.
Consequently, earnings per share for the year fell to 1.41 cents from 2.64 cents a year ago.
A 0.5 cent per share final dividend has been recommended, with an interim dividend of one cent per share paid earlier in the year, the total dividends for FY2012 is 1.5 cents per share. A year ago, it paid a total of 2 cents per share in dividends, comprising of interim and final dividends of one cent per share each.