Financial Year Period Results Press Release Presentation
FY2019 2H <Download> <Download> <Download>

Key Financial Highlights

FYE 31 DECEMBER Audited
INCOME STATEMENT (S$’000) FY2016 FY2017 FY2018 FY2019
Revenue 16,067 20,825 24,456 29,305
Gross profit 3,708 3,936 7,192 4,535
Profit before income tax 1,339 925 5,464 567⁽¹⁾
Profit attributable to shareholders 1,099 700 4,593 307⁽¹⁾
BALANCE SHEET (S$’000) FY2016 FY2017 FY2018 FY2019
Total assets 13,086 15,877 19,498 22,066
Total liabilities 7,766 10,940 10,059 13,031
Net assets 5,320 4,937 9,439 9,035
Equity attributable to shareholders 5,158 4,777 9,162 8,992
OTHER INFORMATION FY2016 FY2017 FY2018 FY2019
Earnings per share (EPS) – cents (2) 0.50 0.32 2.09 0.17⁽¹⁾
Net assets value per share (NAV) – cents (2) 2.34 2.17 4.16 5.01
Gearing ratio (borrowings and lease liabilities / total equity) 0.35 0.44 0.16 0.09

⁽¹⁾ For FY2019, excluding one-off listing expense of S$0.96 million charged into the profit or loss for the financial year end year ended 31 December 2019, our “profit before income tax”, “profit attributable to shareholders” and “EPS” would have been S$1.53 million, S$1.27 million and 0.71 cents respectively.

(2) For FY2016 to FY2019, the EPS and NAV had been computed based on the Company’s weighted average number of ordinary shares taking into consideration of the enlarged share capital of 179,610,000 shares assuming that sub-division of 3,904,562 shares in the capital of the Company into 179,610,000 shares had been completed as at the end of 2016 – 2019. The sub-division was completed in February 2020.

Income Statement

Revenue

Gross profit

Profit before income tax

(1) Profit before income tax for FY2019 is computed after excluding one-off listing expense of S$0.96 million.

Profit attributable to shareholders

(1) Profit attributable to shareholders for FY2019 is computed after excluding one-off listing expense of S$0.96 million.

Balance Sheet

Total assets

Total liabilities

Net assets

Equity attributable to shareholders