Riding on a strong half boost which more than triple the earnings of HK$5.7 million achieved in the preceding first half, Willas-Array achieved a net profit of HK$24.0 million, on sales of just over the two billion mark, for the financial year ended 31 March 2006.
The Group witnessed improvements in profit margins. Gross margins moved up from 10.0% in FY05 to 11.0% in FY06, while EBITDA margins rose from 2.5% to 2.7%. After factoring in higher finance costs and income tax, net profit margins, however, decreased slightly from 1.4% in FY05 to 1.1% in FY06.
Based on the latest full-year results, basic earnings per share stands at 7.87 HK cents as compared with 8.95 HK cents in FY2005. Net asset value per share rose to 108.34 HK cents as at 31 March 2006, from 103.87 HK cents as at 31 March 2005.
Directors have recommended a first and final dividend of 1.2 Singapore cents per ordinary share which, if approved, will be paid to shareholders on 18 August 2006.
Willas-Array is principally engaged in the distribution of active and passive components for use in the audio/video, telecommunications, industrial, consumer and computer segments. [+]
MTQ Corporation Limited reported a 4th quarter of S$0.2m, closing its financial year ended 31 March 2006 with a net profit with S$4.2m. The return to profitability, from a loss of S$3.4m in FY2005, was driven primarily by a S$2.1m gain on dilution of MTQ’s shareholding in RCR following its share placement and the absence of a S$5.1m provision for impairment made in respect of the ROV assets of the Subsea Robotics division in the last financial year.
The improved earnings were also achieved on the strength of higher earnings from the Oilfield Engineering division. The division had achieved steady progress in executing its strategy of a broad-based development, both in terms of the spectrum of services as well as the range of rental equipment offered. In particular, the seqment is witnessing substained increase in repair works of varying scale and complexities. This reflects the underlying strength of the division’s key operation of providing engineering support to the oil & gas sector.
MTQ Corporation Limited Group specialises in engineering services, and is primarily involved in oilfield equipment repairs and rental operations. [+]
The manufacturing facilities have a built up area of approximately 8,551 square metres. The manufacturing capacity of the plant and equipment acquired is estimated to produce 3,000 tonnes per annum of Seismic Charges, or approximately RMB 30.5 million of revenue per annum.
The purchase consideration was RMB 12.2 million and will be funded by the proceeds raised during the company’s IPO in April 2006.
Fabchem China is one of the leading manufacturers of commercial explosive devices in China. [+]
- AsiaPharm to acquire remaining 20% minority interest of PRC subsidiary, Yantai Luye Drug Trading, for RMB1.21 million.
- Strategic restructuring of Yantai Luye Drug Trading to focus on higher margin in-house and imported drugs in line with Group’s growth strategy.
AsiaPharm is a leading specialty pharmaceutical group in the People’s Republic of China focusing on the research and development, production and sale of natural drugs and drug delivery systems. [+]
- Capacity of 50,000 tonnes of industrial wastewater a day.
- Total Project Equity of RMB40 million.
- Total Project Outlay will far exceed RMB100 million.
Asia Water Technology Ltd. is a Singapore company engaged in the total engineering solutions for water purification and wastewater treatment systems. [+]
|Two Integrated Tugs & Barge New Buildings
|Conversion of Oil Tanker to Submersible Heavy
|Eight Single Hull to Double conversions
|Two high-value complex ship repair projects
COSCO Corporation is a diversified group with core activities in shipping and shipping related services.. [+]
DMX Technologies Group Limited subsidiary PT. Packet Systems Indonesia has secured a US$1.6 million contract from PT. Telekomunikasi Selular, a leading national wireless telecommunications service provider in Indonesia, to enhance the availability of their
IP/MPLS backbone network.
Under the contract, PSI is to deploy a new IP/MPLS backbone network at Telkomsel’s Jakarta location, which supports seven sites including Wisma Mulia, Buaran, TB Simatupang, Meruya, Gambir, Atrium and Semanggi. PSI is also responsible for integrating and installing new carrier-grade routers in these sites.
Upon completion of the project, all commercial traffic will be switched to this new IP/MPLS backbone as the primary route and the existing IP/MPLS backbone as a backup.
DMX Technologies Group Limited is a new breed of system architects in Asia. [+]
Food Junction Holdings Limited, an associated company of Auric Pacific Group Limited has accepted a Letter of Offer from PT Lippo Karawaci Tbk, to operate a food court at their Universitas Pelita Harapan located in Lippo Karawaci, Tangerang.
Food Junction will incorporate a 100% owned subsidiary through its wholly owned subsidiaries in Singapore, to manage and operate this food court and some food and beverage stalls. The food court has a floor area of approximately 4,095 sq m and the Company expects the food court to be opened for business in the third quarter of 2006.
Auric Pacific Group is in the business of distribution, manufacturing and investments with operations in Singapore, Malaysia and China. [+]
China Aviation Oil (Singapore) Corporation Ltd had closed its physical Jet Fuel tender for delivery in July 2006. The well-covered tender was significant as it was the first done on a principal basis since the commencement of restructuring in November 2004.
In addition, it was the first tender under which the strategic Business Cooperation Agreement with CAO’s 20% owner, BP, applied. Under the BCA, BP has preemptive rights to supply CAO’s requirements under the tender by improving upon the terms of the most competitive tender offers. In the current tender it elected not to exercise these pre-emptive rights.
The July 2006 tender calls for delivery of 285,000 metric tonnes of jet fuel to be delivered to Chinese end-users in July. This initial tender does not include possible future additional spot tenders. From January to July 2006, the total tender volume was 2,444,000 metric tonnes, some 71.5% higher than the total of 1,424,457 metric tones for the same period in 2005.
Cover for the July tender was over four times, with 12 suppliers participating.
China Aviation Oil (S) Corp Ltd is a Singapore-headquartered, multinational investment and oil infrastructure company. [+]
Hengxin Technology Ltd. announced a 106.2% leap in the Group’s net profit to RMB 56.4 million for the period between 18 November 2004 (the date of its incorporation) and 31 December 2005, when compared to the proforma full year results ended 31 December 2004.
For its latest results, Hengxin Technology’s earnings per share, based on the post-invitation share capital of 336 million shares, increased from RMB 8.14 cents to RMB 16.77 cents. Its net asset value per share as at 31 December 2005 was RMB 0.17.
To reward shareholders, the Directors intend to recommend and distribute dividends of not less than 10% of its net profit after tax for FY2005 and FY2006. For this current financial period, the Directors have proposed a first and final dividend of 0.33 Singapore cents per share.
Hengxin Technology Ltd. is one of the leading manufacturers of radio frequency (“RF”) coaxial cables series for mobile communications and other telecommunications equipment in the PRC, with a strong focus on research, design and product development. [+]
Two of Advanced key substantial investors have further raised their stakes in the Group.
The continuing shareholders who reiterated their continued support for Advanced Holdings include the Fidelity group and Lloyd George Investment Management (Bermuda) Ltd.
Fidelity group has acquired an additional 7,150,000 shares in Advanced and this brings Fidelity group’s total stake in Advanced to 8.74%. Lloyd George, together with Asian Small Companies Portfolio, a fund managed by Lloyd George, acquired an additional 4,000,000 shares in Advanced that brings its total stake in Advanced to 9.14%.
Advanced Holdings Ltd. is a specialist company which designs and supplies process equipment to cater to the different needs of its customers in the chemical and petrochemical, oil and gas, power generation and micro-electronics industries. [+]
- Broad-based client demand and buoyant market conditions drove growth in core engineering services and geo-spatial technology.
- Strong demand from the oil & gas / petrochemical industries: Engineering services revenue expanded 35% to S$226.0 million, partly buoyed by strong demand from the oil & gas / petrochemical industries.
- Steady growth in Australia and South East Asia: Geo-spatial technology revenue rose 6% to S$59.0 million.
- Net profit increased 67% to a record S$24.9 million.
- Proposed final gross dividend of 1.0 cent per share. Inclusive of the interim dividend and dividend in specie, total gross dividend declared and proposed in FY2006 jumped 96% to 5.875 cents per share.
- Favourable business conditions and growing order book: The Group is optimistic of business prospects in FY2007.
Boustead Singapore Limited is a progressive global Engineering Services and Geo-Spatial Technology Group listed on the Singapore Exchange. [+]
Oniontech Co., Ltd has developed an interactive DMB service for Seoul Broadcasting System with KT Freetel Co.,Ltd and net&tv Inc., which are a telecommunications company and a skilled interactive solutions development company, respectively. The new service is able to link BInary Format for Scenes with Code Division Multiple Access technology for the first time in the world.
With this service, mobile phone users are able to receive real time weather forecasts, traffic information, major news, stock prices and so on through wireless internet or SMS functions on their mobile phones. So far, interactive broadcasting services have been provided only through Terrestrial Multimedia Broadcasting and Digital Cable TV.
Seoul Broadcasting System currently plans to provide content services which allow subscribers to replay sports highlights and collect of outtakes from televised drama shows.
Oniontech Limited is a provider of software solutions and content-related services for value added services in mobile telecommunications. [+]
- Recognised gain of HK$209.5 million from disposal of networked video security business to Verint Systems.
- New business strategy leading the Group into a new era of growth.
MultiVision is principally engaged in the provision of outsourced security and IT-related services, such as video surveillance services, and the manufacture of special purpose devices, such as smart ID card devices and point-of-sale terminals. [+]
DMX Technologies Group Limited subsidiary PT. Packet Systems Indonesia has inked a US$1.04 million service contract with PT. Telekomunikasi Selular, a leading national wireless telecommunications service provider in Indonesia, to build their new Telkomsel Telecommunications Centers.
Under the contract, PSI will build new TTC in Gayungan, Surabaya and a new regional office in Makassar to support Telkomsel’s expansion plans. In addition, PSI will also provide solutions to separate backbone networks between Telkomsel’s Mobile Switching Center and its data center to better manage and prioritize traffic, as well as enhance network resilience. This will ensure that any disruption in MSC’s backbone will not impact traffic across its data center backbone.
DMX Technologies Group Limited is a new breed of system architects in Asia. [+]
Communication Design International Limited 51% owned subsidiary Above Consultancy Limited has incorporated a wholly owned subsidiary in Dubai, UAE known as Above Consultancy Middle East FZ-LLC. ACME was incorporated on 23 May 2006 under the provisions of the Dubai Technology & Media Free Zone Companies Regulations 2003 and will operate its business in Dubai Media City.
The authorized, issued and paid-up capital of ACME is Dhs100,000. ACME is in the business of providing graphic design and corporate identity and branding.
Communication Design International Limited is an international marketing and communications company with operations mainly in Singapore, UK, Germany and the PRC. [+]
Aztech Systems Ltd is bringing its next generation Audio Video 200Mbps Homeplugs and its suite of data communications products to GLOBALCOMM 2006.
As one of the leaders in Homeplug technology, Aztech is empowering users with its 200Mbps AV Homeplugs which also supports multiple HDTV streams, coupled with its Homeplug wireless LAN extender to overcome issues such as blind spots and thick walls.
Aztech welcomes all visitors to Booth #30072 at GLOBALCOMM 2006, 5 - 8th of June, McComick Place, Chicago, Illinois, USA. Besides Homeplug solutions, visitors at the booth can also view the complete suite of Aztech’s data communication products that include xDSL modems, Analog modems, Broadband Residential Gateways, Wireless 802.11 b/g devices and VoIP Adaptors.
Aztech Systems Ltd is a multi-national company providing OEM/ODM design and manufacturing services, contract manufacturing and retail service. [+]
“…Countries such as India, with a mobile penetration rate of only 6%, as well as Middle East, Africa and South America are potential new markets for Hengxin Technology. We plan to extend our overseas reach to developing countries within the next one to two years…"
Mr Qian Lirong,
Executive Chairman and CEO
Hengxin Technology Ltd.