October 23, 2017 4:58 AM ET

Construction and Engineering

Company Overview of Wee Hur Holdings Ltd.

Company Overview

Wee Hur Holdings Ltd., an investment holding company, engages in the general building and civil engineering construction, and property development businesses. It operates through Property Development, Building Construction, and Investment Property segments. The company develops and sells residential, industrial, commercial, or mixed developments. It also provides various construction services, including new construction, additions and alterations, refurbishment and upgrading, and restoration and conservation of heritage and conservation buildings. The company’s construction projects comprise residential, commercial, industrial, institutional, religious, restoration, and conservation projects...

Wee Hur Building

39 Kim Keat Road

Singapore,  328814

Singapore

Founded in 1980

Phone:

65 6258 1002

Fax:

65 6251 0039

Key Executives for Wee Hur Holdings Ltd.

Wee Hur Holdings Ltd. does not have any Key Executives recorded.

Wee Hur Holdings Ltd. Key Developments

Wee Hur Holdings Ltd. Recommends Interim Dividend for the Financial Year Ending December 31, 2017, Payable on September 4, 2017; Announces Unaudited Group Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

The Board of Directors of Wee Hur Holdings Ltd. has recommended an interim tax-exempt (one-tier) dividend of SGD 0.003 per ordinary share for the financial year ending December 31, 2017, payable on September 4, 2017 to members registered in the books of the company on August 21, 2017. The company announced unaudited group earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenue of SGD 35,313,000 compared to SGD 40,906,000 a year ago. The decrease was mainly due to the absence of contribution from the property development business. Profit before tax was SGD 4,910,000 compared to SGD 3,021,000 a year ago. Profit attributable to owners of the company was SGD 3,327,000 compared to SGD 1,574,000 a year ago. Profit for the period was SGD 3,463,000 compared to SGD 1,511,000 a year ago. Net cash flows from operating activities were SGD 5,996,000 compared to SGD 137,164,000 a year ago. Purchase of property, plant and equipment was SGD 28,000 compared to SGD 27,000 a year ago. Based on weighted average number of ordinary shares on a fully diluted basis was 0.36 cents compared to 0.17 cents a year ago. For the six months, the company reported revenue of SGD 67,988,000 compared to SGD 88,075,000 a year ago, due to the absence of contribution from property development business as well as lower contribution from its construction business. Profit before tax was SGD 9,852,000 compared to SGD 9,965,000 a year ago. Profit attributable to owners of the company was SGD 6,479,000 compared to SGD 6,129,000 a year ago. Profit for the period was SGD 6,822,000 compared to SGD 6,242,000 a year ago. Net cash flows used in operating activities were SGD 7,261,000 compared to net cash flows from operating activities of SGD 135,970,000 a year ago. Purchase of property, plant and equipment was SGD 32,000 compared to SGD 338,000 a year ago. Based on weighted average number of ordinary shares on a fully diluted basis was 0.70 cents compared to 0.67 cents a year ago.

Wee Hur Holdings Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017

Wee Hur Holdings Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company’s revenue was SGD 32,675,000 against SGD 47,169,000 a year ago. Profit before income tax was SGD 4,943,000 against SGD 6,944,000 a year ago. Net profit attributable to equity holders of the company was SGD 3,153,000 against SGD 4,555,000 a year ago. Net cash flows used in operating activities were SGD 13,257,000 against SGD 1,194,000 a year ago. Purchase of property, plant and equipment was SGD 4,000 compared to SGD 311,000 a year ago. Earnings per ordinary share on fully diluted basis were 0.34 cents against 0.50 cents a year ago.

Wee Hur Holdings Ltd. Proposes Final Tax Exempt (One-Tier) Dividend for the Financial Year Ended December 31, 2016

Wee Hur Holdings Ltd. announced that at the AGM to be held on 28 April 2017, the shareholders proposed the payment of a final tax exempt (one-tier) dividend of 0.3 cent per ordinary share for the financial year ended 31 December 2016.

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