SUTL Enterprise Limited Reports Unaudited Group Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
November 09, 2017 at 05:15 am EST
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SUTL Enterprise Limited reported unaudited group earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported total income of SGD 6,494,000 against SGD 6,443,000 a year ago. Profit before tax was SGD 823,000 against SGD 667,000 a year ago. Profit for the period representing total comprehensive income for the period attributable to the owners of the company was SGD 657,000 against SGD 504,000 a year ago. Basic and diluted earnings per share were 0.76 cents against 0.58 cents a year ago. Sales of goods and services were SGD 4,557,000 against SGD 4,586,000 reported last year.
For the nine months, the company reported total income of SGD 19,709,000 against SGD 20,168,000 a year ago. Profit before tax was SGD 2,642,000 against SGD 2,436,000 a year ago. Profit for the period representing total comprehensive income for the period attributable to the owners of the company was SGD 2,137,000 against SGD 1,885,000 a year ago. Basic and diluted earnings per share were 2.47 cents against 2.18 cents a year ago. Net cash flows generated from operating activities was SGD 4,244,000 against SGD 4,507,000 a year ago. Purchase of property, plant and equipment, net was SGD 854,000 against SGD 565,000 a year ago. After share consolidation net asset value per share on group basis was 63.18 cents and on company basis was 53.91 cents. Sales of goods and services were SGD 14,117,000 against SGD 14,413,000 reported last year.
SUTL Enterprise Limited is a Singapore-based investment holding company. The Company is a developer, operator and consultant of integrated marinas. The Company develops infrastructure for integrated marinas and also provides consultancy services for such projects. It operates its own marinas under its ONE°15 brand, as well as those of third parties under management contracts. The Company, through its subsidiary, One15 Luxury Yachting Pte. Ltd., has a complementary yacht chartering business with a fleet of more than 40 luxury yachts. Its pipeline of to be completed marinas, which bears its ONE°15 brand includes the Indonesia Navy Club managed by ONE°15 in Jakarta, Indonesia; Taihu International Marina managed by ONE°15 Marina in Suzhou, China; ONE°15 Marina Nirup Island, Indonesia, and ONE°15 Marina Logan Cove Zhongshan, China. Its subsidiaries include SUTL Marina Development Pte. Ltd., ONE15 Luxury Yachting Pte. Ltd. and ONE15 Management and Technical Services Pte. Ltd.