Spindex Industries Limited announced unaudited group earnings results for the fourth quarter and full year ended June 30, 2018. For the quarter, the company reported turnover of SGD 41,117,000 against SGD 36,279,000 a year ago. Profit from operations was SGD 7,939,000 against SGD 2,920,000 a year ago. Profit before tax was SGD 7,939,000 against SGD 2,913,000 a year ago. Net profit attributable to equity holders of the company was SGD 8,673,000 or 7.52 cents diluted per share against SGD 2,732,000 or 2.37 cents diluted per share a year ago. Net cash flows from operating activities were SGD 3,862,000 against SGD 7,588,000 a year ago. Purchase of property, plant and equipment was SGD 2,697,000 against SGD 1,622,000 a year ago.

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.