Starburst Holdings sank into the red with a full-year net loss of $1.7 million, compared with earnings of $13.2 million the year before.
Revenue for the designer of firearms training facilities fell 59.5% to $15.9 million, mainly due to the completion of firearm shooting range and tactical training mock-up projects in Southeast Asia, and another firearm shooting range project in the Middle East. Most of the projects were in installation work phases, resulting in lower revenue.
The group says with the acquisition of new premises in Tuas for fabrication works, it can take on larger and more complex projects this year.
The group proposes a final dividend of one cent a share.
Starburst ended 5.26% higher at 30 cents.
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Revenue for the designer of firearms training facilities fell 59.5% to $15.9 million, mainly due to the completion of firearm shooting range and tactical training mock-up projects in Southeast Asia, and another firearm shooting range project in the Middle East. Most of the projects were in installation work phases, resulting in lower revenue.
The group says with the acquisition of new premises in Tuas for fabrication works, it can take on larger and more complex projects this year.
The group proposes a final dividend of one cent a share.
Starburst ended 5.26% higher at 30 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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