PNE Industries announced that the directors declared a tax-exempt one-tier interim dividend of 0.5 cents per share versus nil for the previous corresponding period. The dividend will be paid on May 30, 2014.

The company reported unaudited consolidated earnings results for the first half ended March 31, 2014. For the period, the group reported revenue of SGD 40,816,000 against SGD 37,163,000 a year ago. Profit before tax was SGD 3,709,000 against SGD 2,571,000 a year ago. Profit for the year was SGD 3,034,000 against SGD 1,976,000 a year ago. Total comprehensive income for the year was SGD 2,558,000 against SGD 2,018,000 a year ago. Net cash from operating activities was SGD 4,686,000 against SGD 9,190,000 a year ago. Purchase of property, plant and equipment was SGD 181,000 against SGD 157,000 a year ago. Diluted EPS were 0.90 cents against 0.59 cents a year ago. Net asset value per ordinary share based on issued share capital as at the end of the March 31, 2014 was 21.4 cents per group and 12.1 cents per company.