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singamas container hldgs (716) Snapshot

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singamas container hldgs (716) Details

Singamas Container Holdings Limited, an investment holding company, manufactures containers, and operates container depots and terminals in the Asian-Pacific region. It operates in two segments, Manufacturing and Logistics Services. The Manufacturing segment manufactures marine dry freight containers, refrigerated containers, collapsible flatrack containers, tank containers, U.S. domestic containers, open top containers, bitutainers, and other specialized containers and container parts. The Logistics Services segment provides container storage, repair, trucking, container/cargo handling, and other container related services, as well as serves as a freight station. As of March 18, 2014, it operated 11 container depots, including 8 at Dalian, Tianjin, Qingdao, Qidong, Shanghai, Ningbo, Fuzhou, and Xiamen ports in the People’s Republic of China; 2 in Hong Kong; and 1 in Laemchabang, Thailand. The company sells its products in the United States, Europe, Hong Kong, South Korea, Taiwan, the People’s Republic of China, and internationally. The company is based in Wanchai, Hong Kong.

singamas container hldgs (716) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.2M
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $343.0K
Executive Director and Member of Management C...
Total Annual Compensation: $49.0K
Compensation as of Fiscal Year 2013.

singamas container hldgs (716) Key Developments

Singamas Container Holdings Limited to Report First Half, 2014 Results on Aug 21, 2014

Singamas Container Holdings Limited announced that they will report first half, 2014 results on Aug 21, 2014

Singamas Container Holdings Limited, Board Meeting, Aug 21, 2014

Singamas Container Holdings Limited, Board Meeting, Aug 21, 2014. Agenda: To consider and approve the interim results of the company and it’s subsidiaries for the six months ended June 30, 2014; and to consider the recommendation of an interim dividend, if any.

Singamas Container Holdings Limited Provides Preliminary Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2014

The board of Singamas Container Holdings Limited informed shareholders of the company and potential investors that based on preliminary assessment of the unaudited consolidated management accounts of the group and information currently available to the Board, the group is expected to report a significant decline in profit for the six months ending 30 June 2014 against the unaudited consolidated net profit of USD 27,492,000 attributable to owners of the company for the corresponding period in 2013. The significant decline in profit is primarily due to low production volume in first quarter 2014. Although demand gradually picked up in second quarter, average selling price was picking up in a slower pace, thus affect the overall profitability of the group. In addition, the group had recognised a non-recurring gain of USD 11,450,000 on disposal of subsidiaries in the corresponding period last year. This non-recurring gain affects the basis of comparison between two periods and leads to a drop in profit this year.


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