Soilbuild Construction Group Ltd., through its subsidiary, Soil-Build (Pte.) Ltd., provides general construction services to various projects in the private and public sectors in Singapore. Its services include construction, design and build, turnkey construction, project consultancy, project management, procurement, and mechanical and electrical installation. The company provides services for residential buildings, conservation houses, schools, churches, industrial buildings, and business parks. Soilbuild Construction Group Ltd. was founded in 1976 and is based in Singapore.
25 Changi South Street 1
Founded in 1976
Soilbuild Construction Group Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Interim Dividend for the Year Ended December 31, 2014, Payable on August 22, 2014
Jul 31 14
Soilbuild Construction Group Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was SGD 67,720,000 against SGD 67,895,000 a year ago. Profit before income tax was SGD 6,144,000 against SGD 6,655,000 a year ago. Net profit was SGD 5,237,000 against SGD 5,881,000 a year ago. Net profit and total comprehensive income attributable to equity holders of the company was SGD 5,238,000 or 0.79 cents per basic and diluted share against SGD 5,881,000 or 1.04 cents per basic and diluted share a year ago. Net cash used in operating activities was SGD 9,466,000 against net cash provided by operating activities of SGD 8,222,000 a year ago. Purchases of property, plant and equipment was SGD 721,000 against SGD 150,000 a year ago. The cash outflow from operating activities was mainly attributed to changes in working capital for trade and other payables which has decreased by SGD 4.4 million in second quarter of 2014 due to payment of progress claims to sub-contractors, as well as the increase in other non-current assets of SGD 10.0 million in second quarter of 2014. Net asset value per ordinary share was 11.39 cents compared to 11.01 cents a year ago.
For the six months, revenue was SGD 155,068,000 against SGD 135,990,000 a year ago. Profit before income tax was SGD 10,900,000 against SGD 11,082,000 a year ago. Net profit was SGD 9,105,000 against SGD 9,609,000 a year ago. Net profit and total comprehensive income attributable to equity holders of the company was SGD 9,106,000 or 1.37 cents per basic and diluted share against SGD 9,609,000 or 1.81 cents per basic and diluted share a year ago. Net cash used in operating activities was SGD 12,972,000 against net cash provided by operating activities of SGD 8,564,000 a year ago. Purchases of property, plant and equipment was SGD 2,596,000 against SGD 943,000 a year ago. Net cash outflow from operating activities was decreased due to the decrease in trade and other payables and increase in other non-current assets.
The company announced interim dividend of 0.50 cents per share for the year ended December 31, 2014. The dividend will be payable on August 22, 2014 with a record date of August 18, 2014.
Soilbuild Construction Group Ltd. Secures SGD 1684 Million Housing & Development Board Contract
Jul 24 14
Soilbuild Construction Group Ltd. announced that the group has been awarded a building and contingency works contract by Housing Development Board (HDB) worth SGD 168.4 million at Yishun Avenue 4 /Yishun Ring Road. The works entails the construction of 9 blocks of 13-storey residential buildings (total of 1,294 dwelling units), 1 block of commercial building, 2 blocks of multi-storey carpark /Electrical Substation /communal facilities and precinct pavilion. This project is expected to commence in August 2014 and be completed by second quarter of 2017. It also brings the group's latest order book to SGD 676.9 million.
Soilbuild Construction Group Wins Approximately SGD 175.5 Million Contracts
May 28 14
Soilbuild Construction Group Ltd. o announce that the Group has been awarded construction contracts worth approximately SGD 175.5 million by Kranji Development Pte. Ltd., for the development of a 7-storey multiple-user general industrial building at 60 Jalan Lam Huat. The Project comprises contracts for the construction, completion and maintenance works and the excavation and earth works in relation to the development, and is the Group's project secured since its listing in May 2013.