September 28, 2016 10:40 PM ET

Construction and Engineering

Company Overview of Soilbuild Construction Group Ltd.

Company Overview

Soilbuild Construction Group Ltd., an investment holding company, provides general construction services to various projects in the private and public sectors in Singapore. Its services include construction, design and build, turnkey construction, project consultancy, project management, procurement, and mechanical and electrical installation. The company provides services for residential buildings, conservation houses, schools, churches, industrial buildings, and business parks. Soilbuild Construction Group Ltd. was founded in 1976 and is based in Singapore.

SB Building

25 Changi South Street 1

Singapore,  486059

Singapore

Founded in 1976

Phone:

65 6542 2882

Fax:

65 6543 1818

Key Executives for Soilbuild Construction Group Ltd.

Executive Chairman
Age: 62
Total Annual Compensation: $743.0K
Executive Director
Age: 53
Total Annual Compensation: $892.0K
Compensation as of Fiscal Year 2015.

Soilbuild Construction Group Ltd. Key Developments

Soilbuild Construction Group Ltd. Wins Contracts from SB (Westcove) Investment Pte. Ltd. and SB (Westpoint) Investment Pte. Limited

The board of directors of Soilbuild Construction Group Ltd. announced that the group has been awarded a contract by SB (Westcove) Investment Pte. Ltd. for the proposed erection of 3 units of 2-storey detached dwelling houses with basement and attic at 28 Wilkinson Road (Marine Parade Planning Area) with contract sum of SGD 7,650,000; and a contract by SB (Westpoint) Investment Pte. Ltd. for the proposed erection of 2 units of 2-storey detached dwelling houses with basement and attic at 40 Wilkinson Road (Marine Parade Planning Area) with contract sum of SGD 5,420,000, which collectively referred as the "Projects". The Projects are scheduled to commence in the last quarter of 2016 and are expected to be completed within 19 months from the date of commencement of the Projects. The award of the projects is not expected to have a material impact on the consolidated net tangible assets and earnings per share of the Group for the current financial year ending December 31, 2016.

Soilbuild Announces Interim Dividend for the Financial Year Ending 31 December 2016, Payable on 26 August 2016

Soilbuild has announced that the Share Transfer Books and the Register of Members of the company will be closed on 22 August 2016 for the purpose of determining members' entitlements to the interim (tax exempt one-tier) dividend of 0.50 Singapore cents per share for the financial year ending 31 December 2016 (the Interim Dividend). Members whose securities accounts with The Central Depository (Pte) Limited are credited with shares at 5.00 p.m. on the Book Closure Date will be entitled to the Interim Dividend. The Interim Dividend will be paid to the members on 26 August 2016.

Soilbuild Construction Group Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Half Year Ended June 30, 2016

Soilbuild Construction Group Ltd. announced unaudited consolidated earnings results for the second quarter and half year ended June 30, 2016. For the quarter, the company reported revenue of SGD 105,315,000 against SGD 81,627,000 a year ago. Profit before income tax was SGD 2,680,000 against SGD 6,611,000 a year ago. Net profit was SGD 2,183,000 or 0.32 cents per fully diluted share against SGD 5,525,000 or 0.82 cents per fully diluted share a year ago. Net cash provided by operating activities was SGD 18,148,000 against net cash used in operating activities of SGD 1,319,000 a year ago. Additions to property, plant and equipment was SGD 1,969,000 against SGD 676,000 a year ago. Additions to intangible assets were SGD 13,000 against SGD 6,000 a year ago. The major revenue contributors in the second quarter were: Jalan Lam Huat project (multiple-user general industrial development at 60 Jalan Lam Huat); Yishun HDB project (public housing development at Yishun Avenue 4/Yishun Ring Road); Sembawang HDB project (public housing development at Sembawang); Ang Mo Kio HDB project (public housing development at Ang Mo Kio Avenue 3/Street 51); Goodwood Grand Project (residential flat development at Balmoral Road); and Hospice project (development of hospice at Thomson Road). The results was driven primarily by the progressive completion of current construction projects. For the six months, the company reported revenue of SGD 207,823,000 against SGD 152,046,000 a year ago. Profit before income tax was SGD 7,444,000 against SGD 11,998,000 a year ago. Net profit was SGD 6,149,000 or 0.91 cents per fully diluted share against SGD 9,956,000 or 1.48 cents per fully diluted share a year ago. Net cash provided by operating activities was SGD 25,188,000 against SGD 311,000 a year ago. Additions to property, plant and equipment was SGD 2,930,000 against SGD 2,987,000 a year ago. Additions to intangible assets were SGD 22,000 against SGD 6,000 a year ago. Net asset value per ordinary share was 13.06 cents. The major revenue contributors were: Jalan Lam Huat project (multiple-user general industrial development at 60 Jalan Lam Huat); Yishun HDB project (public housing development at Yishun Avenue 4/Yishun Ring Road); Sembawang HDB project (public housing development at Sembawang); Ang Mo Kio HDB project (public housing development at Ang Mo Kio Avenue 3/Street 51); Goodwood Grand Project (residential flat development at Balmoral Road); and Hospice project (development of hospice at Thomson Road).

Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 30, 2016
SB Procurement Pte. Ltd.
 

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