Old Chang Kee Ltd. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2018; Announces Property, Plant and Equipment Written Off for the Fourth Quarter Ended March 31, 2018
May 30, 2018 at 05:57 am EDT
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Old Chang Kee Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2018. For the quarter, the company reported revenue was SGD 21,255,000 against SGD 19,234,000 a year ago. Profit before tax and share of results of joint venture was SGD 1,747,000 against loss before tax and share of results of joint venture of SGD 2,366,000 a year ago. Profit before tax was SGD 1,743,000 against loss of SGD 2,366,000 a year ago. Profit for the period was SGD 1,377,000 against loss for the period of SGD 2,104,000 a year ago. Net cash flows from operating activities were SGD 3,677,000 against SGD 1,192,000 a year ago. Purchase of property, plant and equipment was SGD 1,792,000 against SGD 1,586,000 a year ago. Basic and diluted earnings per share were 1.13 cents against basic and diluted loss per share of 1.73 cents a year ago.
For the full year, the company reported revenue was SGD 85,487,000 against SGD 78,345,000 a year ago. Profit before tax and share of results of joint venture was SGD 5,063,000 against SGD 2,430,000 a year ago. Profit before tax was SGD 4,987,000 against SGD 2,430,000 a year ago. Profit for the period was SGD 4,035,000 against SGD 1,745,000 a year ago. Net cash flows from operating activities were SGD 9,649,000 against SGD 9,574,000 a year ago. Purchase of property, plant and equipment was SGD 8,524,000 against SGD 8,272,000 a year ago. Basic and diluted earnings per share were 3.32 cents against 1.44 cents a year ago. Net asset value per ordinary share based on total number of issued shares as at the end of the financial period reported on was SGD 0.23 compared to SGD 0.23 a year ago.
The company announced property, plant and equipment written off for the fourth quarter ended March 31, 2018. For the quarter, the company reported property, plant and equipment written off of SGD 4,000 against SGD 4,000 a year ago.
Old Chang Kee Ltd. is Singapore-based investment holding company. The Company is engaged in the manufacture and distribution of food products, and operation of retail food outlets, and general trading. The Company's segments include Singapore, Australia and Malaysia. The Companyâs products portfolio includes traditional favourites, seafood favourites, chicken favourites and desserts. The Companyâs breakfast set menu includes dark bee hoon (braised), kway teow mee, mee tai mak, porridge, nasi lemak, glutinous rice, mee siam and chee cheong fun. The Companyâs brand portfolio includes Curry Times, Bun Times, Mushroom Cafe, O My Darling, O'My Kampong and DipânâGo. The Dip 'n' Go retail outlet offers food on the go, with a range of dips. Bun Times retail outlets offer Hainanese buns with a range of fillings, such as curry chicken and coconut. The Curry Times carry a range of local delights, such as laksa, mee siam, nasi lemak and curry chicken. The Company also provides catering services.
Old Chang Kee Ltd. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2018; Announces Property, Plant and Equipment Written Off for the Fourth Quarter Ended March 31, 2018