Spindex Industries Limited Announces Unaudited Group Earnings Results for the Full Year Ended June 30, 2013; Recommends Final Cash Dividend for the Year 2013, Payable on November 19, 2013
August 26, 2013 at 05:48 am
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Spindex Industries Limited announced unaudited group earnings results for the full year ended June 30, 2013. For the period, the company reported turnover of SGD 92,573,000 against SGD 87,995,000 a year ago. Profit from operations was SGD 8,758,000 against SGD 8,365,000 a year ago. Profit before tax was SGD 8,704,000 against SGD 8,301,000 a year ago. Net profit attributable to equity holders of the Company was SGD 7,022,000 or 6.09 cents per diluted share against SGD 7,166,000 or 6.21 cents per diluted share a year ago. Net cash flows from operating activities were SGD 11,681,000 against SGD 9,504,000 a year ago. Purchase of property, plant and equipment was SGD 6,717,000 against SGD 4,816,000 a year ago. Net tangible asset backing per ordinary share based on existing issued share capital as at the end of the year reported on June 30, 2013 was 59.42 cents against 54.73 cents a year ago. For the financial year ended June 30, 2013, the Group recorded higher net cash flow from operating activities. The increase was mainly attributed to effective management of non-trade payables. During the year, operating cash inflow was utilized to finance the purchase of a new factory in Malaysia, dividend payment and repayment of term loans.
For the year 2013, the company recommends a final cash dividend of 1.80 cents tax exempt (one-tier). The proposed dividends, if approved at the 26th Annual General Meeting to be held on October 25, 2013, will be paid on November 19, 2013.
Spindex Industries Limited is a Singapore-based company that carries on the business as an importer, exporter, and dealer of mechanical, electrical, and electronic parts. The principal activities of the subsidiaries are manufacturing and trading mechanical, electrical, electronic parts, precision machine parts and other engineering materials. The Companyâs segments include Imaging and printing, Machinery and automotive systems, and Consumer machinery and others (data storage, telecommunications, and others. It is a precision engineering manufacturer with core competencies in turning, machining, grinding, surface treatments, mechanical sub-assemblies. It manufactures components that are used in printing and digital imaging. Its geographical segments include China, ASEAN (excludes Singapore), USA, Europe and others, and Singapore. It serves diverse market sectors consisting of imaging and printing, machinery and automotive systems and consumer-related products.
Spindex Industries Limited Announces Unaudited Group Earnings Results for the Full Year Ended June 30, 2013; Recommends Final Cash Dividend for the Year 2013, Payable on November 19, 2013