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PEC posts record revenue of S$575.1 million for FY16
* Achieved full year net profit after tax of S$22.4 million
* Maintains healthy balance sheet
* Actively participating in several tenders in Asia and the Middle East
* Declares 2.0 cents per share final dividend + 1.0 cent per share special dividend (no interim dividend).
A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the Group operates and any known factors or events that may affect the Group in the next reporting period and the next 12 months.
The outlook for the global process industry remains challenging in the near to medium term with the continued volatility in crude oil prices. However, we believe that PEC's strategy to expand its overseas presence and enhance its capabilities will put PEC in good stead to secure project opportunities when the industry recovers.
The Group's proven processes, capabilities and network of facilities have enabled it to deliver fasttracked and technically challenging projects such as LPG projects. The Group is actively participating in several tenders in Asia and the Middle East to build up its orderbook, which stood at S$161.8 million excluding maintenance contracts as at 30 June 2016.
http://infopub.sgx.com/FileOpen/Q4FY2016...eID=419359
* Achieved full year net profit after tax of S$22.4 million
* Maintains healthy balance sheet
* Actively participating in several tenders in Asia and the Middle East
* Declares 2.0 cents per share final dividend + 1.0 cent per share special dividend (no interim dividend).
A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the Group operates and any known factors or events that may affect the Group in the next reporting period and the next 12 months.
The outlook for the global process industry remains challenging in the near to medium term with the continued volatility in crude oil prices. However, we believe that PEC's strategy to expand its overseas presence and enhance its capabilities will put PEC in good stead to secure project opportunities when the industry recovers.
The Group's proven processes, capabilities and network of facilities have enabled it to deliver fasttracked and technically challenging projects such as LPG projects. The Group is actively participating in several tenders in Asia and the Middle East to build up its orderbook, which stood at S$161.8 million excluding maintenance contracts as at 30 June 2016.
http://infopub.sgx.com/FileOpen/Q4FY2016...eID=419359
Specuvestor: Asset - Business - Structure.