San Teh Ltd Announces Unaudited Group Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Announces Property, Plant and Equipment Written Off for the Second Quarter Ended June 30, 2017
For the six months, the company's revenue was SGD 8.2 million compared with SGD 7.5 million a year ago. Loss before tax was SGD 1.22 million compared with SGD 5.65 million a year ago. Loss attributable to owners of the company was SGD 1.78 million or 0.52 cents per diluted share compared with SGD 6.22 million or 1.82 cents per diluted share a year ago. Net cash from operating activities was SGD 0.41 million compared with SGD 3.5 million a year ago. Purchase of property, plant and equipment was SGD 0.92 million compared with SGD 0.06 million a year ago. As on June 30, 2017, the company's net asset value per ordinary share was SGD 0.55.
The company announced property, plant and equipment written off of SGD 6,000 for the second quarter ended June 30, 2017.