PNE Industries Ltd Reports Audited Consolidated Earnings Results for the Year Ended September 30, 2016
November 28, 2016 at 12:56 pm EST
PNE Industries Ltd. reported audited consolidated earnings results for the year ended September 30, 2016. For the year, the company’s revenue from continuing operations was SGD 73,040,000 against SGD 74,047,000 a year ago. Profit before tax was SGD 17,712,000 against SGD 11,264,000 a year ago. Profit for the year from continuing operations was SGD 15,539,000 against SGD 9,551,000 a year ago. Profit for the year was SGD 16,173,000 or 19.3 cents per basic and diluted share against SGD 7,216,000 or 8.6 cents per basic and diluted share a year ago. Net cash from operating activities was SGD 12,677,000 against SGD 16,339,000 a year ago. Purchase of property, plant and equipment was SGD 931,000 against SGD 1,123,000 a year ago. Earnings per diluted share from continuing operations were 18.5 cents against 11.4 cents a year ago. Net asset value per ordinary share was 96.3 cents against 84.7 cents a year ago. Revenue declined by SGD 1.0 million or 1.4% in the fiscal year 2016 compared to the previous financial year due mainly to lower orders from the customers of the Group's Contract Manufacturing segment.