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PR Newswire
22-08-2013, 06:57 PM
BALANCE SHEET
Inventories increased from S$35.2 million as at 30 September 2012 to S$44.1 million as at 30 June 2013, mainly due to projects picking up pace.
Trade debtors increased from S$24.6 million as at 30 September 2012 to S$34.4 million as at 30 June 2013 mainly due to higher sales of S$44.1 million for
3Q13 as compared to sales of S$30.4 million for 4Q12.
Trade creditors, other creditors and accruals decreased from S$19.5 million as at 30 September 2012 to S$15.9 million as at 30 June 2013 due to shorter
payment term for certain projects.
Cash and cash equivalents decreased from S$52.8 million as at 30 September 2012 to S$26.1 million as at 30 June 2013 mainly due to payment of S$4.8 million
dividend, investment of S$6.2 million in quoted bonds and increase in working capital of $15.1 million.
10. A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the
group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months
Although the recovery of Europe and United States economies is slow, it is still expected to have a positive impact on the aluminium industry business.
The cooling measures on the property market introduced by Singapore government are expected to have a negative impact on the building product business.
The Group expects the competition in the building products industry and the increasing cost in the operating environment will continue to exert pressure on
profit margins.
Inventories increased from S$35.2 million as at 30 September 2012 to S$44.1 million as at 30 June 2013, mainly due to projects picking up pace.
Trade debtors increased from S$24.6 million as at 30 September 2012 to S$34.4 million as at 30 June 2013 mainly due to higher sales of S$44.1 million for
3Q13 as compared to sales of S$30.4 million for 4Q12.
Trade creditors, other creditors and accruals decreased from S$19.5 million as at 30 September 2012 to S$15.9 million as at 30 June 2013 due to shorter
payment term for certain projects.
Cash and cash equivalents decreased from S$52.8 million as at 30 September 2012 to S$26.1 million as at 30 June 2013 mainly due to payment of S$4.8 million
dividend, investment of S$6.2 million in quoted bonds and increase in working capital of $15.1 million.
10. A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the
group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months
Although the recovery of Europe and United States economies is slow, it is still expected to have a positive impact on the aluminium industry business.
The cooling measures on the property market introduced by Singapore government are expected to have a negative impact on the building product business.
The Group expects the competition in the building products industry and the increasing cost in the operating environment will continue to exert pressure on
profit margins.
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!