January 21, 2017 7:32 AM ET

Specialty Retail

Company Overview of Eurosports Global Limited

Company Overview

EuroSports Global Limited, an investment holding company, distributes and retails imported automobiles. The company retails new ultra-luxury and luxury automobile brands, as well as pre-owned automobile brands primarily comprising Lamborghini, Pagani, Alfa Romeo, and Touring Superlegerra. It also provides maintenance and repair services, as well as breakdown assistance services; and retails and sells automobile parts and accessories. In addition, the company distributes and retails luxury timepieces under the deLaCour brand in Singapore, Malaysia, Indonesia, Thailand, and Brunei. EuroSports Global Limited was founded in 1998 and is based in Singapore.

30 Teban Gardens Crescent

Singapore,  608927

Singapore

Founded in 1998

Phone:

65 6565 5995

Fax:

65 6567 5515

Key Executives for Eurosports Global Limited

Executive Chairman and Chief Executive Officer
Total Annual Compensation: $677.0K
Deputy Chief Executive Officer and Executive Director
Total Annual Compensation: $573.0K
Compensation as of Fiscal Year 2016.

Eurosports Global Limited Key Developments

Eurosports Global Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2016

EuroSports Global Limited reported unaudited consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported revenues were SGD 29,363,000 compared to SGD 32,532,000 a year ago. Loss before tax was SGD 3,246,000 compared to SGD 1,605,000 a year ago. Loss, net of tax was SGD 3,367,000 compared to SGD 1,605,000 a year ago. Basic and diluted loss per share was 1.29 cents compared to 0.63 cents a year ago. Net cash flows from operating activities was SGD 6,171,000 compared to used in operating activities was SGD 14,242,000 a year ago. Purchase of property, plant and equipment was SGD 4,493,000 compared to SGD 290,000 a year ago. The net working capital inflow was mainly due to decreases in inventories of SGD 6.22 million and trade and other receivables of SGD 1.91 million and increase in other liabilities of SGD 2.24 million, which was offset by decrease in trade and other payables of SGD 1.41 million.

Eurosports Global Limited, Annual General Meeting, Jul 28, 2016

Eurosports Global Limited, Annual General Meeting, Jul 28, 2016, at 14:00 Singapore Standard Time. Location: Raffles Hotel Singapore, Casuarina Suite A, Level 3, 1 Beach Road Singapore 189673 Singapore Agenda: To receive and adopt the directors' statement and the audited financial statements of the company for the financial year ended 31 March 2016 and the auditors' report thereon; to re-elect directors; to approve the payment of Directors' fees of SGD 120,000 for the financial year ending 31 March 2017, to be paid quarterly in arrears; to re-appoint Messrs RSM Chio Lim LLP as Auditors and to authorize the Directors to fix their remuneration; to consider share issue mandate; to consider proposed renewal of share purchase mandate; to consider Eurosports performance share plan; to consider Eurosports employee share option scheme; and to transact any other routine business which may properly be transacted at an Annual General Meeting.

Eurosports Global Limited Reports Unaudited Group Earnings Results for the Full Year Ended March 31, 2016

Eurosports Global Limited reported unaudited group earnings results for the full year ended March 31, 2016. For the year, the company reported revenues of SGD 63,531,000 compared with SGD 40,374,000 for the same period a year ago. Loss before tax was SGD 4,414,000 against SGD 4,841,000 a year ago. Net loss attributable to owners of the company was SGD 4,496,000 or 1.70 cents per basic and diluted share compared with SGD 4,020,000 or 1.52 cents per basic and diluted share for the same period a year ago. Net cash flows used in operating activities was SGD 16,345,000 against SGD 13,210,000 a year ago. Purchase of property, plant and equipment was SGD 2,846,000 against SGD 4,303,000 a year ago.

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