Structural steel specialist TTJ Holdings reported a 29% fall in FY15 earnings to $15.5 million from a year ago as revenue fell 30% to $94.1 million.
For the 12 months ended July, TTJ says it recorded lower sales in its structural steel business, due to less work and fewer large-scale projects completed although this was offset by better rental rates from its dormitory business.
TTJ also managed to achieve a 1.7 percentage point increase in gross profit margin to 29.2% compared to a year ago.
As at Sept 23, TTJ's order book stood at $99 million. It expects to complete most of these jobs between FY16 and FY17.
Looking ahead, the group expects construction demand in Singapore to stay sustainable.
The group has declared a dividend of 8.0 cents per share, on the back of $84.1 million in cash and cash equivalents.
The payout represents a dividend yield of 23.9% for shareholders, based on its Wednesday closing price of 33.5 cents, up 1.5% from Monday.
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For the 12 months ended July, TTJ says it recorded lower sales in its structural steel business, due to less work and fewer large-scale projects completed although this was offset by better rental rates from its dormitory business.
TTJ also managed to achieve a 1.7 percentage point increase in gross profit margin to 29.2% compared to a year ago.
As at Sept 23, TTJ's order book stood at $99 million. It expects to complete most of these jobs between FY16 and FY17.
Looking ahead, the group expects construction demand in Singapore to stay sustainable.
The group has declared a dividend of 8.0 cents per share, on the back of $84.1 million in cash and cash equivalents.
The payout represents a dividend yield of 23.9% for shareholders, based on its Wednesday closing price of 33.5 cents, up 1.5% from Monday.
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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