Last $0.40 SGD
Change Today 0.00 / 0.00%
Volume 11.1K
IFS On Other Exchanges
Symbol
Exchange
Singapore
As of 2:34 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

ifs capital ltd (IFS) Snapshot

Open
$0.40
Previous Close
$0.40
Day High
$0.40
Day Low
$0.40
52 Week High
07/25/14 - $0.48
52 Week Low
05/5/14 - $0.39
Market Cap
60.2M
Average Volume 10 Days
11.5K
EPS TTM
$-0.05
Shares Outstanding
150.4M
EX-Date
04/27/15
P/E TM
--
Dividend
$0.02
Dividend Yield
5.00%
Current Stock Chart for IFS CAPITAL LTD (IFS)

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ifs capital ltd (IFS) Details

IFS Capital Limited provides commercial, alternative, and structured finance services. It operates in three segments: Credit Financing, Insurance, and Private Equity and Other Investments. The Credit Financing segment offers factoring, accounts receivable financing, trade financing, mortgage financing, working capital, financing for overseas operations, and hire purchase, as well as participating in financing by SPRING and International Enterprise Singapore under Local Enterprise Finance, and Internationalization Finance schemes. The Insurance segment provides credit insurance facilities to Singapore exporters and issues performance bonds, guarantees, domestic maid insurance, spa insurance for pre-paid packages, political risks, and contractors all risk and work injury compensation insurance, as well as holds equity securities and bonds under the regulated insurance fund. The Private Equity and Other Investments segment offers development capital in the form of mezzanine financing, convertible debt instruments, and direct private equity investments. The company also provides commercial debt collection services. IFS Capital Limited was founded in 1987 and is based in Singapore.

Founded in 1987

ifs capital ltd (IFS) Top Compensated Officers

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Executives, Board Directors

ifs capital ltd (IFS) Key Developments

IFS Capital Limited Proposes First and Final Dividend for the Financial Year Ended December 31, 2014, Payable on May 8, 2015

IFS Capital Limited announced a tax exempted (1-tier) first and final dividend of SGD 0.015 per share for the financial year ended December 31, 2014. The dividend is subject to the approval of the shareholders for the proposed first and final dividend at the annual general meeting, the share transfer books and the register of members of the company will be closed on 30 April 2015, for the purpose of determining shareholders' entitlements to the proposed first and final one-tier tax exempt ordinary cash dividend for the year ended 31 December 2014. The proposed first and final dividend if approved at the annual general meeting will be paid on 8 May 2015.

IFS Capital Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

IFS Capital Limited announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of SGD 4,738,000 against SGD 4,813,000 a year ago. Net earned premium revenue was SGD 1,054,000 against SGD 730,000 a year ago. Income before operating expenses was SGD 8,852,000 against SGD 9,158,000 a year ago. Operating loss before allowances was SGD 704,000 against operating profit before allowances of SGD 5,387,000 a year ago. Loss before tax was SGD 9,939,000 against SGD 5,110,000 a year ago. Loss for the period profit attributable to owners of the company was SGD 8,479,000 against SGD 4,165,000 a year ago. On fully diluted basis, loss per share was 5.6 cents against 2.8 cents a year ago. Net asset value per ordinary share based on issued share capital at end of the financial year December 31, 2014 was 80.2 cents against 84.8 cents as on December 31, 2013. Net cash used in operating activities was SGD 2,995,000 against net from operating activities of SGD 17,219,000 a year ago. Purchase of property, plant and equipment was SGD 131,000 against SGD 17,000 a year ago. Purchase of intangible assets was SGD 156,000 against SGD 15,000 a year ago. The net cash used in operating activities in fourth quarter of 2014 was mainly due to drawdown of factoring receivables, partly offset by repayment of loans, advances, hire purchase and leasing receivables. Group's operating profit before net claims incurred and allowances for fourth quarter of 2014 of SGD 3,500,000 was 25% lower as compared to SGD 4,700,000 in fourth quarter of 2013. This was due to lower operating income and higher operating expenses. Due to higher net claims incurred of SGD 4,200,000 as compared to a reversal of SGD 700,000 in fourth quarter of 2013. For the year, the company reported net interest income of SGD 18,539,000 against SGD 20,765,000 a year ago. Net earned premium revenue was SGD 3,880,000 against SGD 2,919,000 a year ago. Income before operating expenses was SGD 34,606,000 against SGD 38,110,000 a year ago. Operating profit before allowances was SGD 8,195,000 against SGD 16,984,000 a year ago. Loss before tax was SGD 7,607,000 against SGD 4,191,000 a year ago. Loss for the period profit attributable to owners of the company was SGD 7,694,000 against SGD 4,840,000 a year ago. On fully diluted basis, loss per share was 5.1 cents against 3.2 cents a year ago. Net cash used in operating activities was SGD 8,086,000 against net from operating activities of SGD 33,399,000 a year ago. Purchase of property, plant and equipment was SGD 561,000 against SGD 144,000 a year ago. Purchase of intangible assets was SGD 609,000 against SGD 116,000 a year ago. For 2014, the net cash used resulted from drawdown of loans, advances and hire purchase and leasing receivables, partly offset by repayment of factoring receivables. The group posted a higher net loss from a year ago, largely impacted by higher net claims incurred and higher operating expenses but helped by higher net earned premium revenue and lower allowances for loan losses and impairment of investments. The decrease in net interest income for full year 2014 was mainly due to lower factoring volume and lower average loan assets. Negative return on average equity after tax was 6.2% against 3.6% a year ago.

IFS Capital Limited, 2014 Earnings Call, Feb 25, 2015

IFS Capital Limited, 2014 Earnings Call, Feb 25, 2015

 

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Price/Earnings NM Not Meaningful
Price/Sales 3.1x
Price/Book 0.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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