December 20, 2014 10:08 PM ET

Real Estate Management and Development

Company Overview of Heeton Holdings Limited

Company Overview

Heeton Holdings Limited, an investment holding company, is engaged in the property development and investment activities in Singapore. It operates through Property Investment and Property Development segments. The company develops and sells private residential properties, including apartments and condominiums; and leases residential, retail, and commercial properties. It is also involved in the provision of administrative and management services. The company was founded in 1976 and is based in Singapore.

60 Sembawang Road

No. 01-02/03 Hong Heng Mansions

Singapore,  779088

Singapore

Founded in 1976

Phone:

65 6456 1188

Fax:

65 6455 5478

Key Executives for Heeton Holdings Limited

Heeton Holdings Limited does not have any Key Executives recorded.

Heeton Holdings Limited Key Developments

Heeton Holdings Ltd. Reports Group Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Heeton Holdings Ltd. reported group earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of SGD 4.0 million compared to SGD 3.0 million a year ago. Profit from operations was SGD 0.9 million compared to SGD 1.6 million a year ago. Profit before tax from operations was SGD 0.5 million compared to SGD 3.4 million a year ago. Profit attributable to owners of parent was SGD 0.6 million or 0.23 cents per basic and diluted share compared to SGD 3.1 million or 1.31 cents per basic and diluted share a year ago. Net cash from operating activities was SGD 1.2 million against net cash used in operating activities of SGD 4 million for the same period a year ago. Purchase of fixed assets was SGD 8.3 million against SGD 0.1 million for the same period a year ago. For the nine months, the company reported revenue of SGD 29.5 million compared to SGD 12.0 million a year ago. Profit from operations was SGD 2.8 million compared to SGD 5.5 million a year ago. Profit before tax from operations was SGD 7.8 million compared to SGD 13.4 million a year ago. Profit attributable to owners of parent was SGD 7.6 million or 2.82 cents per basic and diluted share compared to SGD 12.3 million or 5.37 cents per basic and diluted share a year ago. Net cash from operating activities was SGD 10.9 million against net cash used in operating activities of SGD 14.9 million for the same period a year ago. Purchase of fixed assets was SGD 9.1 million against SGD 0.2 million for the same period a year ago. Increase in revenue was mainly due to revenue contribution of SGD 21.45 million from two residential projects, Onze@Tanjong Pagar and the Earlington in London, which was much higher than that recognized from the Britton in London in the nine months of 2013.

Heeton Holdings Limited Recommends Interim Ordinary Dividend for the Half-Year Ended 30 June 2014

Heeton Holdings Limited recommended interim ordinary dividend of 0.50 cents per share (1-Tier tax exempt) for the half-year ended 30 June 2014.

Heeton Holdings Ltd. Reports Group Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of Fiscal 2014

Heeton Holdings Ltd. reported group earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of SGD 22.8 million compared to SGD 6.1 million a year ago. Profit from operations was SGD 0.478 million compared to SGD 1.9 million a year ago. Profit before tax from operations was SGD 4.8 million compared to SGD 6.9 million a year ago. Profit attributable to owners of parent was SGD 4.5 million or 1.69 cents per diluted share compared to SGD 6.5 million or 2.89 cents per diluted sharea year ago. Net cash from operating activities was SGD 9.2 million against net cash used in operating activities of SGD 7.7 for the same period a year ago. Purchase of fixed assets was SGD 0.030 million against SGD 0.003 million for the same period a year ago. For the six months, the company reported revenue of SGD 25.4 million compared to SGD 9.0 million a year ago. Profit from operations was SGD 1.9 million compared to SGD 3.9 million a year ago. Profit before tax from operations was SGD 7.3 million compared to SGD 9.9 million a year ago. Profit attributable to owners of parent was SGD 6.952 million or 2.59 cents per diluted share compared to SGD 9.2 million or 4.09 cents per diluted share a year ago. Net cash from operating activities was SGD 9.6 million against net cash used in operating activities of SGD 10.954 million for the same period a year ago. Purchase of fixed assets was SGD 0.033 million against SGD 0.086 million for the same period a year ago. The increase in revenue was mainly due to revenue contribution of SGD 20.17 million from two residential projects, Onze@Tanjong Pagar and the Earlington in London, which was higher than that recognised from the Britton in London in half year of 2013. The company expects to remain profitable for the full year of fiscal 2014.

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