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September 03, 2015 1:17 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 property development, and general building and civil engineering construction businesses in Singapore. The company operates through Property Development, Building Construction, and Dormitory segments. It develops and sells residential, industrial, and commercial properties. The company also offers various construction services, including new construction, additions and alterations, refurbishment and upgrading, and restoration and conservation of heritage and conservation buildings. Its construction projects include residential, commercial, industrial, institutional, religious, restoration, and conservation projects. In addi...

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. Announces the Promotion of Goh Wee Ping as Country Manager

Wee Hur Holdings Ltd. announced the promotion of Goh Wee Ping as Country Manager, with effect from July 1, 2015.

Wee Hur Holdings Ltd. Recommends Interim Tax-Exempt (One-Tier) Dividend for the Financial Year Ending December 31, 2015, Payable on August 28, 2015; Reports Unaudited Group Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

The Board of Directors of Wee Hur Holdings Ltd. has recommended an interim tax-exempt (one-tier) dividend of SGD 0.0075 per ordinary share for the financial year ending December 31, 2015. The company paid interim tax-exempt (one-tier) dividend of SGD 0.01 per ordinary share for the previous year. The interim dividend will be paid on August 28, 2015 to members registered in the books of the company on August 20, 2015. The company reported unaudited group earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenue was SGD 148,199,000 compared to SGD 69,739,000 a year ago. Profit before income tax was SGD 30,888,000 compared to SGD 10,291,000 a year ago. Net profit attributable to equity holders of the company was SGD 16,145,000 compared to SGD 6,548,000 a year ago. Net cash flow used in operating activities was SGD 8,194,000 compared to net cash generated from operating activities of SGD 31,058,000 a year ago. Purchase of property, plant and equipment was SGD 94,000 compared to SGD 33,496,000 a year ago. Purchase of other financial assets was SGD 2,102,000 compared to SGD 13,455,000 a year ago. Earnings per diluted share of the group for the current period were 3.24 cents compared to 1.49 cents a year ago. Net asset value per ordinary share of the group was SGD 0.35 and for the company was SGD 0.18 at June 30, 2015. The group's revenue increased by approximately SGD 78.5 million or 112.5% mainly due to higher contributions from property development business. The increase in gross profit was mainly due to higher contribution of gross profit margin in property development business. The higher profit attributable to shareholders is mainly the direct result from higher gross profit. For the six months, revenue was SGD 265,467,000 compared to SGD 147,653,000 a year ago. Profit before income tax was SGD 55,005,000 compared to SGD 19,358,000 a year ago. Net profit attributable to equity holders of the company was SGD 29,775,000 compared to SGD 13,669,000 a year ago. Net cash flow used in operating activities was SGD 46,786,000 compared to net cash generated from operating activities of SGD 49,465,000 a year ago. Purchase of property, plant and equipment was SGD 180,000 compared to SGD 43,413,000 a year ago. Purchase of other financial assets was SGD 6,858,000 compared to SGD 13,455,000 a year ago. Revenue increased by approximately SGD 117.8 million or 79.8% mainly due to higher contributions from residential development project. The increase in gross profit was mainly due to higher contribution of gross profit margin in property development business. The higher profit attributable to shareholders is mainly the direct result from higher gross profit.

Wee Hur Holdings Ltd. Reports Unaudited Group Earnings Results for the First Quarter Ended March 31, 2015

Wee Hur Holdings Ltd. reported unaudited group earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of SGD 117,268,000 compared to SGD 77,914,000 a year ago. Profit before income tax was SGD 24,117,000 compared to SGD 9,067,000 a year ago. Net profit, representing total comprehensive income for the period was SGD 19,619,000 compared to SGD 8,110,000 a year ago. Income attributable to the equity holders of the company was SGD 13.630 million compared to SGD 7.121 million a year ago. Net cash flows used in operating activities was SGD 38.592 million compared to net cash from operating activities of SGD 18.407 million a year ago. Purchase of property, plant and equipment was SGD 0.086 million compared to SGD 9.917 million a year ago. Purchase of investment property was SGD 17.359 million. Purchase of other financial assets was SGD 4.756 million.

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