MANUFACTURING service provider Grand Venture Technology, which made its Catalist debut in January this year, reported after-tax profit of S$1.52 million for the half-year ended June 30, down 47 per cent from S$3.96 million in the year-ago period.
But Grand Venture noted that in this first half of the year, it incurred non-recurring expenses of S$805,000 related to enhancing its capabilities, and listing compliance expenses of S$187,000. Revenue for the first-half fell 17 per cent to S$18.1 million, down from S$21.8 million. This was due to a 43.8 per cent fall in semiconductor revenue to S$9.72 million. Sales from Grand Venture's"life sciences, electronics, and others" business segment rose 83.1 per cent to S$8.35 million.
Earnings per share for the first-half were 0.67 Singapore cent, compared with 1.54 Singapore cents for the year-ago period. No dividend was declared"as the group wishes to reserve its cash resources for business growth".
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A 'grand and dignified' NDP that shows Singapore's inclusivity: President HalimahSINGAPORE - This year's National Day Parade was a 'grand and dignified' one that brought together people from all walks of life in a show of Singapore's inclusivity, said President Halimah Yacob on Wednesday (Aug 14).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Singapore Grand Prix adds Lighthouse Family, The Ramona Flowers to entertainment line-up for 2019 F1SINGAPORE — Singapore GP announced two more acts to the line-up: British musical acts Lighthouse Family and The Ramona Flowers.
Source: YahooSG - 🏆 3. / 71 Read more »
Allied Tech posts Q2 net loss of S$1.8m, reverses year-ago profitALLIED Technologies on Tuesday reported a reversal into the red - a S$1.8 million second-quarter net loss for the three months ended June 30, compared to a slight profit of S$635,000 a year ago. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
mDR Q2 net profit trebles to S$1.69m on higher revenueMAINBOARD-LISTED mDR saw net profit treble to S$1.69 million for the second quarter ended June 30 from S$576,000 in the year-ago period, it announced on Wednesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Metro Holdings Q1 net profit halved on lower fair-value gainsMAINBOARD-LISTED Metro Holdings on Tuesday posted a 47.5 per cent drop in first-quarter net profit to S$10.6 million on the back of lower fair-value gains from investments and weaker contributions from joint ventures. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Wilmar Q2 net profit halved due to lower crush marginsAGRI giant Wilmar International's net profit for the second quarter fell 52 per cent to US$151 million from a restated US$316.4 million a year ago on the back of lower soybean crush margins, weaker showing by associates and sugar business as well as higher finance cost. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »