Construction company Sysma Holdings posted earnings of $2.6 million for the FY2015 ended July, reversing from the net loss of $11.8 million in FY2014.
Revenue more than doubled to $98.4 million, lifted by the increase in construction activities such as additions and alternations, as well as the higher contributions from its property development projects.
In July, the group disposed Sysma Energy, its petroleum and chemical distribution business, registering a loss of $100,000 for the 11 month period to June 2015.
In FY2014, the group registered a net loss of $1.3 million from the unit.
Operating expenses rose 57.2% to $4 million, due to the write-off of a loan to Sysma Energy.
As at end July, Sysma has an orderbook of $127 million as of end July.
Sysma says its construction business remained stable in FY2015, thanks to its extensive track record in the industry. Still, it will continue to be vigilant on execution to avoid cost overruns and preserve profit margins.
The group has declared a first and final dividend of 11.49 cents for the full year.
Sysma shares closed unchanged at 20 cents this Wednesday.
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
Revenue more than doubled to $98.4 million, lifted by the increase in construction activities such as additions and alternations, as well as the higher contributions from its property development projects.
In July, the group disposed Sysma Energy, its petroleum and chemical distribution business, registering a loss of $100,000 for the 11 month period to June 2015.
In FY2014, the group registered a net loss of $1.3 million from the unit.
Operating expenses rose 57.2% to $4 million, due to the write-off of a loan to Sysma Energy.
As at end July, Sysma has an orderbook of $127 million as of end July.
Sysma says its construction business remained stable in FY2015, thanks to its extensive track record in the industry. Still, it will continue to be vigilant on execution to avoid cost overruns and preserve profit margins.
The group has declared a first and final dividend of 11.49 cents for the full year.
Sysma shares closed unchanged at 20 cents this Wednesday.
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
0 comments:
Post a Comment