Old Chang Kee Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended September 30, 2018; Reports Impairment Charges for the Second Quarter Ended September 30, 2018
For the six months, the company's revenue was SGD 45,748,000 compared to SGD 42,005,000 a year ago. Profit before tax was SGD 2,909,000 compared to SGD 1,872,000 a year ago. Profit before tax and share of results of joint venture was SGD 3,107,000 compared to SGD 1,925,000 a year ago. Profit for the period was SGD 2,271,000 compared to SGD 1,419,000 a year ago. Net cash flow from operating activities was SGD 6,151,000 compared to SGD 3,853,000 a year ago. Purchase of property, plant and equipment was SGD 1,450,000 compared to SGD 4,834,000 a year ago. Fully diluted earnings per share were 1.87 cents compared to 1.17 cents a year ago.
For the quarter, Property, plant and equipment written off was SGD 110,000 against SGD 105,000 reported a year ago.