Posts: 14
Threads: 1
Joined: Jan 2012
Reputation:
0
i guess that's why it's selling at 46% ncav or 76% cash ncav....
i wonder if the 67% Sanyang Motor Company Limited ownership also plays a role in the valuation
Posts: 887
Threads: 16
Joined: Feb 2011
Reputation:
8
Are you looking for this ?
Source: Singapore Exchange
Type: Announcements of Earnings
From: 25/Jan/2018
SP Corporation Limited announced consolidated audited earnings results for the year ended December 31, 2017. For the year, the company reported revenues of SGD 121,066,000 compared with SGD 109,331,000 for the same period a year ago. Profit before tax was SGD 1,210,000 compared with SGD 3,165,000 for the same period a year ago.
Profit for the financial year from continuing operations was SGD 966,000 compared to SGD 2,527,000 a year ago. Profit attributable to owners of the company was SGD 447,000 compared to SGD 1,802,000 a year ago. Net cash from operating activities was SGD 323,000 compared to SGD 11,728,000 a year ago.
Payments for acquisition of plant and equipment were SGD 70,000 compared to SGD 17,000 a year ago. Earnings per ordinary share based on fully diluted basis from continuing operations were 2.75 cents compared to 7.20 cents a year ago. Revenue increased by 11% to SGD 121.1 million mainly attributable to higher sales in commodities trading.
The profit before tax was lower than the SGD 2.5 million in 2016 mainly due to lower interest charge on overdue trade receivables and higher foreign currency exchange loss.