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FY13 (ended 31Dec13) result just out…..
http://infopub.sgx.com/FileOpen/Kingsmen...eID=276470 [result announcement]
http://infopub.sgx.com/FileOpen/Kingsmen...eID=276469 [press release]
Another year of steady well-managed growth and improved profitability - NP up 8.9% YoY to $18.4m, EPS up 8.3% YoY to $0.0957, and ROE at a highly respectable 25.0%. 31Dec13 B/S stood rock-solid, with Equity raised to $86.2m (31Dec12: $73.8m), and a further increase in net cash reserve to $59.2m (31Dec12: $48.4m). An unchanged Final dividend of $0.025/share declared. Inclusive the $0.015/share Interim dividend paid, total payout for FY13 is $0.04/share (FY12: $0.04/share).
It is relevant to also note that in FY13, Kingsmen's total revenue from the all-important Greater China market (comprising mainland China, Hong Kong, and Taiwan) increased a whopping 58.8% YoY to $100.2m.
It looks like this FY14 will be a better year ahead based on the following outlook statement extracted from the result announcement…..
"As at 26th February 2014, the Group has secured contracts of approximately S$138 million, of which S$117 million is expected to be recognized in FY2014. With the strong pipeline of contracts and planned developments in the region, The Group expects 2014 to be a good year, barring unforeseen circumstances."
As a direct comparison, the comparable order book a year ago (as at 27Feb13) was only approx. $81.0m.
Share price wise, it is heartening to note that Kingsmen has out-performed the STI by over 50% in the last 2 years (since Mar12)…..
http://sg.finance.yahoo.com/q/bc?s=5MZ.S...l&c=%5ESTI
http://infopub.sgx.com/FileOpen/Kingsmen...eID=276470 [result announcement]
http://infopub.sgx.com/FileOpen/Kingsmen...eID=276469 [press release]
Another year of steady well-managed growth and improved profitability - NP up 8.9% YoY to $18.4m, EPS up 8.3% YoY to $0.0957, and ROE at a highly respectable 25.0%. 31Dec13 B/S stood rock-solid, with Equity raised to $86.2m (31Dec12: $73.8m), and a further increase in net cash reserve to $59.2m (31Dec12: $48.4m). An unchanged Final dividend of $0.025/share declared. Inclusive the $0.015/share Interim dividend paid, total payout for FY13 is $0.04/share (FY12: $0.04/share).
It is relevant to also note that in FY13, Kingsmen's total revenue from the all-important Greater China market (comprising mainland China, Hong Kong, and Taiwan) increased a whopping 58.8% YoY to $100.2m.
It looks like this FY14 will be a better year ahead based on the following outlook statement extracted from the result announcement…..
"As at 26th February 2014, the Group has secured contracts of approximately S$138 million, of which S$117 million is expected to be recognized in FY2014. With the strong pipeline of contracts and planned developments in the region, The Group expects 2014 to be a good year, barring unforeseen circumstances."
As a direct comparison, the comparable order book a year ago (as at 27Feb13) was only approx. $81.0m.
Share price wise, it is heartening to note that Kingsmen has out-performed the STI by over 50% in the last 2 years (since Mar12)…..
http://sg.finance.yahoo.com/q/bc?s=5MZ.S...l&c=%5ESTI