October 23, 2017 3:26 PM ET

Specialty Retail

Company Overview of Courts Asia Limited

Company Overview

Courts Asia Limited, an investment holding company, engages in the retail of household furniture, furnishings, home appliances, and information technology (IT) products in Singapore, Malaysia, and Indonesia. The company operates approximately 80 stores in various store formats comprising megastores, superstores, and small-format stores. Its stores provide TV and home entertainment goods; computers, tablets, and IT devices; home and kitchen appliances; cameras, printers, and inks; phones and mobile accessories; musical instruments; home and office furniture; mattresses and bedroom furniture; health and fitness products; apparel and accessories; and flowers and gifts. The company provides prod...

50 Tampines North Drive 2

Singapore,  528766

Singapore

Founded in 1974

Phone:

65 6309 7777

Fax:

65 6784 8076

Key Executives for Courts Asia Limited

Group CEO & Executive Director
Age: 49
Total Annual Compensation: $1.6M
Group CFO & Executive Director
Age: 54
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2017.

Courts Asia Limited Key Developments

Courts Asia Limited Announces Resignation of Tim Luce as Group Chief Operating Officer

Courts Asia Limited announced that Resignation of Tim Luce as Group Chief Operating Officer.

Courts Asia Limited Announces Unaudited Group Earnings Results for the First Quarter Ended June 30, 2017

Courts Asia Limited announced unaudited group earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported revenue of SGD 186,589,000 against SGD 195,345,000 a year ago. Profit before income tax was SGD 7,276,000 against SGD 12,117,000 a year ago. Net profit was SGD 6,050,000 or 1.16 cents diluted per share against SGD 8,847,000 or 1.68 cents diluted per share a year ago. Net cash used in operating activities was SGD 10,275,000 against SGD 20,520,000 a year ago. Additions to property, plant and equipment were SGD 1,390,000 against SGD 3,330,000 a year ago. Acquisition of intangible assets was SGD 49,000 against SGD 219,000 a year ago. Revenue was marginally decreased by 4.5% from the same period a year ago, amidst a weaker retail climate. EBITDA was SGD 15 million against SGD 20 million a year ago.

Courts Asia Limited Proposes Final Dividend for the Year Ended 31 March 2017

Courts Asia Limited announced that its AGM will be held on August 10, 2017, at the meeting the shareholders will approve the proposal to declare a final dividend of 1.29 Singapore cents per ordinary share tax-exempt (1-tier) for the financial year ended 31 March 2017.

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Recent Private Companies Transactions

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