AZTECH GROUP LTD Press Release
FOR IMMEDIATE RELEASE Aztech Registered S$1.2 million Net Profit for 1Q2015 SINGAPORE, 27 April 2015 - Singapore Exchange Mainboard-listed Aztech Group Ltd
("Aztech") announced its first quarter financial results ended 31 March 2015 (1Q2015).
For the first quarter, the Group registered net profit of S$1.22 million on revenue of S$85.59 million. Revenue for 1Q2015 was comparable with 1Q2014 and a 10.7% increase as compared with 4Q2014 as a result of continuous stronger sales in the Electronics segment driven by the Group's success in its new initiative in LED Lightings through collaborative joint development programme.
Profit for 1Q2015 was marginally lower as compared with 1Q2014 but higher compared to
4Q2014. The Group generated higher EBITDA in 1Q2015 vis-à-vis 1Q2014 and 4Q2014.
The Group ended the quarter with higher cash balances through stronger EBITDA and effective working capital management.
1Q2015 (S$'m) | 1Q2014 (S$'m) | Change (%) | |
Turnover | 85.59 | 85.58 | - |
Gross Profit | 7.85 | 8.51 | (7.8) |
GP Margin (%) | 9.2% | 9.9% | (0.7) |
Net Profit after Tax | 1.22 | 1.68 | (27.5) |
Net Profit Margin (%) | 1.4% | 2.0% | (0.6) |
EBITDA | 4.48 | 4.03 | 11.1 |
NTA per share (cents) | 17.17 cts | 17.02 cts | 0.9 |
Headquarters
AZTECH GROUP LTDCompany Reg. No 198601642R
31 Ubi Road 1, #09-01, Singapore 408694.
Tel: (65) 6594 2288, Fax: (65) 6749 1198, www.aztech-group.com
Factory AZTECH COMMUNICATION DEVICE (DG) LTD Jiu Jiang Shui Village, Chang Ping Town,
Dong Guan City, Guang Dong Province, China
Tel: (86)(769) 8393-6688, Fax: (86)(769) 8393-1138
1Q2015 (S$'m) | 4Q2014 (S$'m) | Change (%) | |
Turnover | 85.59 | 77.34 | 10.7 |
Gross Profit | 7.85 | 8.42 | (6.8) |
GP Margin (%) | 9.2% | 10.9% | (1.7) |
Net Profit after Tax | 1.22 | 0.28 | 335.0 |
Net Profit Margin (%) | 1.4% | 0.4% | 1.0 |
EBITDA | 4.48 | 3.50 | 28.0 |
NTA per share (cents) | 17.17 cts | 16.73 cts | 2.6 |
The Group maintains a healthy financial position with positive net working capital of S$26.20 million and shareholders' fund of S$88.47 million; as well as a healthy current ratio of 1.2 with a low net debt to equity ratio of 0.53 as at 31 March 2015.
Market demand for LED Lighting products may gain further traction in the next quarter and next 12 months and when such increase in demand materialises, the Group could stand to benefit from more orders through its collaborative joint development programme.
- End -
Media Contact:Jesmine Ong
DID: (65) 6594 2276
Email: jesmine.ong@aztech.com
About Aztech Group Ltd. ("Aztech")
Incorporated in 1986 and listed on the Main Board of the Singapore Exchange, Aztech is a dynamic international group with key activities in Electronics and LED Lighting Design & Manufacturing, Materials Supply, Marine and F&B Business. The Group operates in six countries over three continents.
For more information, please visit www.aztech-group.com
Headquarters
AZTECH GROUP LTDCompany Reg. No 198601642R
31 Ubi Road 1, #09-01, Singapore 408694.
Tel: (65) 6594 2288, Fax: (65) 6749 1198, www.aztech-group.com
Factory AZTECH COMMUNICATION DEVICE (DG) LTD Jiu Jiang Shui Village, Chang Ping Town,
Dong Guan City, Guang Dong Province, China
Tel: (86)(769) 8393-6688, Fax: (86)(769) 8393-1138
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