August 25, 2016 1:12 PM 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 in Singapore. It operates through four segments: Property Development, Building Construction, Investment Property, and Investment holding. 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,...

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. Declares Interim Dividend, Payable on September 05, 2016

Wee Hur Holdings Ltd. announced the interim tax exempt (1-tier) dividend of SGD 0.003 per ordinary share for the financial year ending December 31, 2016. The Interim Dividend will be paid on September 05, 2016 to shareholders registered in the books of the company on August 24, 2016.

Wee Hur Holdings Ltd. Reports Unaudited Group Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Wee Hur Holdings Ltd. reported unaudited group earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenue was SGD 40,906,000 compared to SGD 148,199,000 a year ago. Profit before income tax was SGD 3,021,000 compared to SGD 30,888,000 a year ago. Profit, net of tax was SGD 1,511,000 compared to SGD 25,219,000 a year ago. Net profit attributable to equity holders of the company was SGD 1,574,000 compared to SGD 16,145,000 a year ago. Net cash flow from operating activities was SGD 136,228,000 compared to net cash used to operating activities of SGD 8,194,000 a year ago. Purchase of property, plant and equipment was SGD 27,000 compared to SGD 94,000 a year ago. Purchase of other financial assets was SGD 1,384,000 compared to SGD 2,102,000 a year ago. Earnings per diluted share of the group for the current period were 0.17 cents compared to 1.76 cents a year ago. The Group registered a 72% decrease in revenue to SGD 40.9 million for the second quarter of financial year 2016 as compared to SGD 148.2 million for the second quarter of financial year 2015. The decrease was mainly due to the lower contribution from property development segment as the group's residential project, Parc Centros, has received its temporary occupancy permit ("TOP") in May 2016. For the six months, revenue was SGD 88,075,000 compared to SGD 265,467,000 a year ago. Profit before income tax was SGD 9,965,000 compared to SGD 55,005,000 a year ago. Profit, net of tax was SGD 6,242,000 compared to SGD 44,838,000 a year ago. Net profit attributable to equity holders of the company was SGD 6,129,000 compared to SGD 29,775,000 a year ago. Net cash flow from operating activities was SGD 135,037,000 compared to net cash used to operating activities of SGD 46,786,000 a year ago. Purchase of property, plant and equipment was SGD 338,000 compared to SGD 180,000 a year ago. Purchase of other financial assets was SGD 2,003,000 compared to SGD 6,858,000 a year ago. Earnings per diluted share of the group for the current period were 0.67 cents compared to 3.24 cents a year ago.

Wee Hur Holdings Ltd. Announces Earnings Results for the First Quarter of 2016

Wee Hur Holdings Ltd. announced earnings results for the first quarter of 2016. For the quarter, the group's revenue decreased 60% year-on-year to SGD 47.2 million from SGD 117.268 million a year ago, mainly due to the lower contribution from property development segment as the group's residential project, Parc Centros, was reaching the completion stage. Correspondingly, the group's profit to shareholders decreased 67% y-o-y to SGD 4.5 million from SGD 13.630 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 24, 2015
An Office Building and An Adjoining Piece of Land With a Total Land Area of 5,478 Sqm in Brisbane
 

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