IPS Securex Holdings Limited Reports Unaudited Group Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2017; Reports Plant and Equipment Written Off for the Fourth Quarter Ended June 30, 2017
For the year, the company reported revenue of SGD 11,574,005 against SGD 12,764,924 a year ago. Loss before tax was SGD 2,939,152 against profit before tax of SGD 2,581,005 a year ago. Loss was SGD 2,499,619 or 0.51 cents per basic and diluted share after adjusting for the Share Split against profit of SGD 2,264,716 or 0.47 cents per basic and diluted share after adjusting for the Share Split a year ago. Net cash from operating activities was SGD 2,836,890 against SGD 1,478,555 a year ago. Purchase of plant and equipment was SGD 495,449 against SGD 615,974 a year ago. Net asset value per ordinary share based on the number of shares in issue at end of year was 1.9 cents against 2.6 cents a year ago period.
For the quarter, the company reported plant and equipment written off of SGD 102 against SGD 8,941 a year ago.