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NICO On Other Exchanges
As of 5:30 AM 06/9/15 All times are local (Market data is delayed by at least 15 minutes).

nico steel holdings ltd (NICO) Snapshot

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nico steel holdings ltd (NICO) Details

Nico Steel Holdings Limited, an investment holding company, provides metal alloys and metallurgical solutions in Singapore, the People’s Republic of China, Malaysia, Thailand, and internationally. It operates through two segments, Coil Center and Plating. The company provides metal slitting services; ferrous and non-ferrous raw materials in strip-in coils for use in the stamping, and metal and plastic fabricating industries; and electro-plating process, material surface treatment, and chemistry blending services for electronic products, as well as trades in precious and base metals, and related logistic services. It also offers internal and external cosmetic parts for LCDs, LEDs, notebooks and keyboards, hard disk drive (HDD) covers and dampers, SIM card holders, bezel plates, RF shields, etc.; and customized specialty metals, as well as metallurgical consultancy services. In addition, the company provides metal alloys that comprise stainless and cold rolled steel products, copper and copper alloys, and aluminum and aluminum alloys; and customized metal alloys under the Nico brand. It serves HDD, telecommunications, consumer electronics, computer peripherals, and other industries. Nico Steel Holdings Limited was founded in 1991 and is based in Singapore.

Founded in 1991

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nico steel holdings ltd (NICO) Key Developments

Nico Steel Holdings Limited, Annual General Meeting, Jun 26, 2015

Nico Steel Holdings Limited, Annual General Meeting, Jun 26, 2015., at 14:00 Singapore Standard Time. Location: Napier Room (502). Agenda: To consider the directors report and audited accounts for the financial year ended 28 February 2015 and the auditors' report thereon; to re-elect Mr. Tang Chee Wee Andrew, Mr. Fong Pin Jan Daniel, Mr. Tan Poh Chye Allan, Ms. Ong Lizhen Daisy, Mr. Lee Eng Yew Michael, who is retiring by rotation in accordance with Article 107 of the company's articles of association, as director of the company; to approve the sum of SGD 95,000 as directors fees for the financial year ended 28 February 2015; to re-appoint Messrs KPMG LLP as auditors of the company and to authorize the directors to fix their remuneration; to consider, allot and issue shares in the capital of the company; and to transact any other business that may be transacted at an annual general meeting.

Nico Steel Holdings Limited Appoints Daniel Fong Pin Jan as Executive Director, Effect from May 21, 2015

The Board of Directors of Nico Steel Holdings Limited announced that Mr. Daniel Fong Pin Jan has been appointed as Executive Director of the Company with effect from May 21, 2015.

Nico Steel Holdings Limited Announces Unaudited Consolidated Earnings Results for the Full Year Ended February 28, 2015

Nico Steel Holdings Limited announced unaudited consolidated earnings results for the full year ended February 28, 2015. For the period, the company reported revenue of USD 27,893,000 against USD 24,541,000 a year ago. Loss before income tax was USD 563,000 against USD 1,364,000 a year ago. Net loss attributable to owners of the company was USD 641,000 or 0.5 cents per basic and diluted share against net loss attributable to owners of the company of USD 1,360,000 or 1.2 cents per basic and diluted share a year ago. Net cash flows generated from operating activities was USD 988,000 against net cash flows used in operating activities of USD 2,932,000 a year ago. Purchase of property, plant and equipment was USD 294,000 against USD 576,000 a year ago. Purchase of intangible assets was USD 2,000 against USD 1,000 a year ago. Net asset value per ordinary share based on the existing issued share capital as at the respective period was 11.2 cents as on February 28, 2015 against 13.1 cents as on February 28, 2014. The Group's revenue is mainly derived from the sales of customized and commercial metal alloys. The net cash inflows from operating activities were mainly due to the effect arising from the management's close monitoring on the usage of the Group's working capital.


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