Spindex Industries Limited Announces Unaudited Group Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2018; Reports Impairment of Property, Plant and Equipment for the Fourth Quarter Ended June 30, 2018
For the year, the company reported turnover of SGD 153,343,000 against SGD 141,775,000 a year ago. Profit from operations was SGD 16,027,000 against SGD 17,469,000 a year ago. Profit before tax was SGD 16,019,000 against SGD 17,335,000 a year ago. Net profit attributable to equity holders of the company was SGD 14,057,000 or 12.18 cents diluted per share against SGD 14,035,000 or 12.17 cents diluted per share a year ago. Net cash flows from operating activities were SGD 12,116,000 against SGD 24,106,000 a year ago. Purchase of property, plant and equipment was SGD 20,888,000 against SGD 10,957,000 a year ago.
For the quarter, the company reported impairment of property, plant and equipment of SGD 126,000 against SGD 526,000 a year ago.