November 26, 2014 7:57 AM ET

Construction and Engineering

Company Overview of Soilbuild Construction Group Ltd.

Company Overview

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.

SB Building

25 Changi South Street 1

Singapore,  486059

Singapore

Founded in 1976

Phone:

65 6542 2882

Fax:

65 6542 1818

Key Executives for Soilbuild Construction Group Ltd.

Executive Chairman
Age: 60
Total Annual Compensation: $564.0K
Executive Director
Age: 50
Total Annual Compensation: $624.0K
Compensation as of Fiscal Year 2013.

Soilbuild Construction Group Ltd. Key Developments

Soilbuild Construction Group Ltd. Wins SGD 612 Million Contract to Erect a Commercial Development

Soilbuild Construction Group Ltd. announced that the Group has been awarded with a SGD 61.2 million contract by related companies of Tong Eng Brothers, to construct a new 16-storey commercial development comprising a 12-storey office tower and a 4-storey podium of retail, carpark and sky terrace at Jalan Besar /Lavender Street (Kallang Planning Area). This construction project is expected to commence in November 2014 and be completed within 25 months.

Soilbuild Construction Group Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Soilbuild Construction Group Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s revenue was SGD 62,213,000 compared to SGD 84,536,000 a year ago. Purchases of property, plant and equipment were SGD 503,000 compared to SGD 4,502,000 a year ago. Net cash used in operating activities was SGD 2,174,000 compared to SGD 1,302,000 a year ago. The cash outflow from operating activities was mainly attributed to changes in working capital for trade and other receivables which has increased by SGD 7.1 million mainly due to the increase in accrued revenue due from customers on completed projects. Profit before income tax was SGD 4,814,000 compared to SGD 7,558,000 a year ago. Net profit and total comprehensive income attributable to equity holders of the company was SGD 4,025,000 or SGD 0.60 per diluted share, compared to SGD 6,316,000 or SGD 0.95 per basic and diluted share, a year ago. Purchases of intangible assets were SGD 1,000. For the year to date, the company’s revenue was SGD 217,281,000 compared to SGD 220,526,000 a year ago. Profit before income tax was SGD 15,714,000 compared to SGD 18,640,000 a year ago. Net profit and total comprehensive income attributable to equity holders of the company was SGD 13,131,000 or SGD 1.98 per basic and diluted share, compared to SGD 15,925,000 or SGD 2.76 per basic and diluted share, a year ago. Net cash used in operating activities was SGD 15,146,000 compared to net cash provided by operating activities of SGD 7,262,000 in the comparative period mainly due to changes in working capital for trade and other payables which had decreased by SGD 15.8 million due to the payment of progress claims to sub-contractors, as well as the increase in non-current assets of SGD 10.0 million. Purchases of property, plant and equipment were SGD 3,099,000 compared to SGD 5,445,000 a year ago. Purchases of intangible assets were SGD 1,000 compared to SGD 45,000 a year ago.

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

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.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 22, 2014
SB Procurement Pte. Ltd.
 

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