Old Chang Kee Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Announces Property, Plant and Equipment Written Off for the First Quarter Ended June 30, 2018
August 14, 2018 at 10:21 am
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Old Chang Kee Ltd. reported unaudited consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company's revenue was SGD 22,325,000 compared to SGD 20,568,000 a year ago. Profit before tax was SGD 1,618,000 compared to SGD 945,000 a year ago. Profit before tax and share of results of joint venture was SGD 1,618,000 compared to SGD 945,000 a year ago. Profit for the period was SGD 1,251,000 compared to SGD 671,000 a year ago. Net cash flow from operating activities was SGD 4,063,000 compared to SGD 1,528,000 a year ago. Purchase of property, plant and equipment was SGD 1,023,000 compared to SGD 2,650,000 a year ago. Fully diluted earnings per share were 1.03 cents compared to 0.55 cents a year ago. Net asset value per ordinary share based on total number of issued shares as at the end of the financial period reported on was SGD 0.24.
The company announced property, plant and equipment written off for the first quarter ended June 30, 2018. For the quarter, the company reported property, plant and equipment written off of SGD 2,000 against SGD 1,000 a year ago.
Old Chang Kee Ltd. is a Singapore-based investment holding company. The Company is engaged in the manufacture and distribution of food products, and operation of retail food outlets, and general trading. The Company's segments include Singapore, Australia and Malaysia. The Companyâs product portfolio includes traditional favourites, seafood favourites, chicken favourites and desserts. The Companyâs breakfast set menu includes dark bee hoon (braised), kway teow mee, mee tai mak, porridge, nasi lemak, glutinous rice, mee siam and chee cheong fun. The Companyâs brand portfolio includes Curry Times, Bun Times, Old Chang Kee, O My Darling and DipânâGo. The Dip 'n' Go retail outlet offers food on the go, with a range of dips. Bun Times retail outlets offer Hainanese buns with a range of fillings, such as curry chicken and coconut. The Curry Times carry a range of local delights, such as laksa, mee siam, nasi lemak and curry chicken. The Company also provides catering services.
Old Chang Kee Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Announces Property, Plant and Equipment Written Off for the First Quarter Ended June 30, 2018