Press Release - Aztech Group Ltd
Transcription
Press Release - Aztech Group Ltd
Press Release FOR IMMEDIATE RELEASE Aztech Registers S$329.4 million Revenue and S$5.8 million Net Profit for Full Year 2014 FY2014 Dividend of 0.75¢ per share (Proposed final dividend of 0.5¢ plus interim dividend paid of 0.25¢) SINGAPORE, 18 February 2015 – Singapore Exchange Mainboard-listed Aztech Group Ltd (“Aztech”) today announced its fourth quarter (4Q2014) and January to December FY2014 financial results ended 31 December 2014. For 4Q2014, the Group registered total revenue of S$77.34 million. Electronics segment posted the strongest quarter revenue with 25% increase in sales of Data Communication products and 61% increase in LED Lighting products quarter-on-quarter, as a result of higher sales in manufacturing services. Revenue for FY2014 improved by 36.6% against the same period last year to S$329.41 million, driven by strategic diversification in collaborative joint development of LED Lighting products and increase in infrastructure materials projects. Full-year net profit closed at S$5.78 million. Financial Highlights: Turnover Gross Profit Net Profit after Tax EBITDA FY2014 (S$’m) 329.41 34.73 5.78 17.76 FY2013 (S$’m) 241.15 31.76 6.47 15.83 Headquarters AZTECH GROUP LTD Company Reg. No 198601642R 31 Ubi Road 1, #09-01, Singapore 408694. Tel: (65) 6594 2288, Fax: (65) 6749 1198, www.aztech-group.com Change (%) 36.6 9.3 (10.7) 12.2 4Q2014 (S$’m) 77.34 8.42 0.28 4.05 4Q2013 (S$’m) 83.13 10.39 3.05 5.54 Change (%) (7.0) (18.9) (90.8) (26.9) Factory AZTECH COMMUNICATION DEVICE (DG) LTD Jiu Jiang Shui Village, Chang Ping Town, Dong Guan City, Guang Dong Province, China Tel: (86)(769) 8393-6688, Fax: (86)(769) 8393-1138 Net Working Capital Net Assets Net Assets Per Share (cents) 31 Dec 2014 (S$’m) 23.83 86.40 16.73 31 Dec 2013 (S$’m) 27.75 84.65 16.70 Change (%) (14.1) 2.1 0.2 The Group’s overall financial position of the Group remains healthy with consistent positive operating cash flows and prudent gearing levels. As at 31 December 2014, the Group had a positive net working capital position of S$23.83 million, net assets position of S$86.40 million and net assets per share of 16.73 cents. The Board is proposing final dividend of 0.5 cents per share, subject to shareholders’ approval, to be paid out on 20 May 2015. Including the interim dividend of 0.25 cents paid in November 2014, the distribution of dividend for FY2014 totals to 0.75 cents per share. - End Media Contact: Jesmine Ong DID: (65) 6594 2276 Email: [email protected] About Aztech Group Ltd. (“Aztech”) Incorporated in 1986 and listed on the Main Board of the Singapore Exchange, Aztech is a dynamic international group with key activities in Electronics and LED Lighting Design & Manufacturing, Materials Supply, Marine and F&B Business. The Group operates in six countries over three continents. For more information, please visit www.aztech-group.com Headquarters AZTECH GROUP LTD Company Reg. No 198601642R 31 Ubi Road 1, #09-01, Singapore 408694. Tel: (65) 6594 2288, Fax: (65) 6749 1198, www.aztech-group.com Factory AZTECH COMMUNICATION DEVICE (DG) LTD Jiu Jiang Shui Village, Chang Ping Town, Dong Guan City, Guang Dong Province, China Tel: (86)(769) 8393-6688, Fax: (86)(769) 8393-1138