Hong Fok Corp. Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported revenue SGD 57,257,000 compared to SGD 25,291,000 for the same period a year ago. Profit before income tax was SGD 11,532,000 compared to SGD 4,255,000 for the same period a year ago. Profit for the period attributable to owners of the company was SGD 10,133,000 compared to SGD 3,682,000 for the same period a year ago. Cash from operating activities was SGD 1,739,000 compared to cash used in operating activities of SGD 1,208,000 for the same period a year ago. Capital expenditure on investment properties was SGD 347,000 compared to SGD 187,000 for the same period a year ago. Purchase of fixed assets was SGD 160,000 compared to SGD 14,000 for the same period a year ago. Basic and diluted earning per share was 1.28 cents compared to 0.47 cents for the same period a year ago. Net asset value per ordinary share based on the total number of issued shares excluding treasury shares as at March 31, 2013 was 154 cents compared to 152 cents for the same period a year ago. The increase in revenue was due mainly to higher revenue recognised from the residential units of Concourse Skyline based on the percentage of completion method.

Hong Fok Corp. Ltd. announced that they will report Q1, 2013 results on May 15, 2013

Hong Fok Corp. Ltd., Annual General Meeting, Apr 29, 2013., at 14:30 Singapore Standard Time. Location: 360 ORCHARD ROAD #03-11, INTERNATIONAL BUILDING,. Agenda: To consider dividend.