Singapore Stock Market News

Sysma Holdings Ltd - Bumpy road ahead

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Publish date: Fri, 27 Sep 2013, 10:45 AM
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Key positives in FY13
1. Despite challenging environment within the property sector, Sysma's revenue only declined by 10% yoy to S$35.5m. This was due to new project contributions of about S$11.4m which offset the loss of revenue of about S$14.4m from its completed projects.

2. Gross profit margin remained unchanged at 24% as Sysma was able to maintain cost of its subcontractors, labour and material.

3. A first and final dividend of 0.91 Scts per ordinary share for 218m shares have been recommended by the directors which shall be payable to shareholders if approved at the next AGM.

4. As at 31 July 2013, Sysma's NAV/share stood at 18.9 Scts as compared to 17.9 Scts as at 31 July 2012.
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