January 21, 2017 11:48 AM ET

Real Estate Management and Development

Company Overview of Heeton Holdings Limited

Company Overview

Heeton Holdings Limited, an investment holding company, engages in the property development and property investment, and hospitality activities in Singapore, the United Kingdom, and Australia. The company develops and sells private residential properties; and leases residential, retail, and commercial properties. It also operates hotels; and provides property management, and administrative and management services. The company was founded in 1976 and is based in Singapore.

No. 01-02/03, Hong Heng Mansions

60 Sembawang Road

Singapore,  779088

Singapore

Founded in 1976

Phone:

65 6456 1188

Fax:

65 6455 5478

Key Executives for Heeton Holdings Limited

Heeton Holdings Limited does not have any Key Executives recorded.

Heeton Holdings Limited Key Developments

Heeton Holdings Limited Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2016

Heeton Holdings Limited reported unaudited consolidated earnings results for third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenue of SGD 18,783,000 against SGD 8,998,000 a year ago. Loss from operations was SGD 9,851,000 against profit from operations of SGD 3,573,000 a year ago. Loss before tax was SGD 11,705,000 against profit before tax of SGD 5,779,000 a year ago. Loss, net of tax was SGD 11,254,000 against profit, net of tax of SGD 5,372,000 a year ago. Loss attributable to owners of the parent was SGD 11,249,000 or 3.46 cents per basic and fully diluted share against profit attributable to owners of the parent of SGD 5,177,000 or 1.88 cents per basic and fully diluted share a year ago. Net cash used in operating activities was SGD 6,359,000 against SGD 14,869,000 a year ago. Purchase of fixed assets was SGD 3,038,000 against SGD 1,233,000 a year ago. For the nine months, the company reported revenue of SGD 46,577,000 against SGD 25,104,000 a year ago. This was primarily due to the recognition of higher revenue from residential project, Onze@Tanjong Pagar of SGD 27.51 million compared to SGD 8.34 million a year ago. Loss from operations was SGD 4,971,000 against profit from operations of SGD 9,054,000 a year ago. Loss before tax was SGD 511,000 against profit before tax of SGD 8,962,000 a year ago. Loss, net of tax was SGD 1,676,000 against profit, net of tax of SGD 7,362,000 a year ago. Loss attributable to owners of the parent was SGD 1,887,000 or 0.58 cents per basic and fully diluted share against profit attributable to owners of the parent of SGD 7,828,000 or 2.84 cents per basic and fully diluted share a year ago. Net cash from operating activities was SGD 6,215,000 against SGD 6,532,000 a year ago. Purchase of fixed assets was SGD 24,801,000 against SGD 34,275,000 a year ago.

Heeton Holdings Limited Provides Earnings Guidance for the Third Quarter Ended September 30, 2016

The Board of Directors of Heeton Holdings Limited deems it appropriate to issue a profit warning with respect to the financial results of the Group for the 3rd quarter ended 30 September 2016 based on the preliminary review of the Group's unaudited financial results. The expected loss for third quarter of2016 is primarily due to losses arising from the disposal of Heeton Residence Pte Ltd. as announced on 30 September 2016. Heeton Residence Pte. Ltd. was the sole shareholder of Heeton Realty Pte Ltd, which held the property known as iLiv@Grange at 74 Grange Road, Singapore. Company announced the disposal of Heeton Residence Pte Ltd. The said disposal is expected to have a material negative impact on the earnings and not expected to have a material impact on the net tangible assets per share of the Group for the current financial year.

Heeton Holdings Limited to Report Q3, 2016 Results on Nov 14, 2016

Heeton Holdings Limited announced that they will report Q3, 2016 results on Nov 14, 2016

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