Last $0.25 SGD
Change Today 0.00 / 0.00%
Volume 0.0
INNOT On Other Exchanges
Symbol
Exchange
Singapore
As of 4:04 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

innotek ltd (INNOT) Snapshot

Open
$0.24
Previous Close
$0.25
Day High
$0.27
Day Low
$0.23
52 Week High
07/21/14 - $0.42
52 Week Low
12/11/14 - $0.23
Market Cap
60.9M
Average Volume 10 Days
22.0K
EPS TTM
$-0.06
Shares Outstanding
243.5M
EX-Date
05/6/14
P/E TM
--
Dividend
$0.01
Dividend Yield
4.00%
Current Stock Chart for INNOTEK LTD (INNOT)

Related News

No related news articles were found.

innotek ltd (INNOT) Related Businessweek News

No Related Businessweek News Found

innotek ltd (INNOT) Details

InnoTek Limited, an investment holding company, operates as a precision metal components manufacturer primarily in Singapore. Its Precision Components and Tooling Assembly segment provides tooling design and fabrication, and die making services to the manufacturers of automotive components, and office automation and consumer electronics products, as well as sells stamping components. The company’s Precision Subassemblies segment offers subassembly products for the television (TV) and office automation industries; and metal-related components for use in the TV, tablet, and mobile-phone industries. It serves customers in Hong Kong, the People’s Republic of China, Singapore, and Europe. The company was formerly known as Magnecomp International Limited and changed its name to InnoTek Limited in November 2007. InnoTek Limited was founded in 1984 and is based in Singapore.

Founded in 1984

innotek ltd (INNOT) Top Compensated Officers

Chief Financial Officer and Corporate Control...
Total Annual Compensation: $186.5K
Chief Financial Officer of Mansfield Manufact...
Total Annual Compensation: $193.5K
Compensation as of Fiscal Year 2013.

innotek ltd (INNOT) Key Developments

InnoTek Limited Reports Earnings Results for the Third Quarter Ended September 30, 2014; Provides Group Earnings Guidance for the Second Half of 2014

InnoTek Limited reported earnings results for the third quarter ended September 30, 2014. The company reported that slowdown and intense competition in Japanese consumer electronic products had led to weaker performance in all three business segments and a 12.9% decline in its revenue to SGD 58.1 million from SGD 66.6 million last year. The poor performance of the Precision component segment was due to the fall in demand for TV back panels from major Japanese customers and the early end-of- life for current automotive programmes. InnoTek recorded net loss of SGD 2.3 million (before adjustment), from a loss of SGD 2.8 million last year (excluding one-time gain from disposal of the Hong Kong premise). This was mitigated by a SGD 0.9 million net gain on the disposal of Sabana Reit shares in the current quarter. Loss per share was 1.27 Singapore cents. As the second-half of the financial year is seasonally stronger than the first-half, the group expects performance in the second half of 2014 to exceed first half of 2014. InnoTek has initiated restructuring measures to improve operational efficiencies which, barring unforeseen circumstances, are expected to contribute to an improvement in the operating performance of its wholly owned Mansfield Manufacturing Company Limited in the second half of 2014 compared to first half of 2014.

InnoTek Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

InnoTek Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, revenue was SGD 58.085 million compared to SGD 66.676 million a year ago. Loss before taxation and non-controlling interest from continuing operations was SGD 2.691 million compared to income before taxation and non-controlling interest from continuing operations of SGD 4.762 million a year ago. Loss attributable to owners of the parent was SGD 2.844 million or 1.27 cents per diluted share compared to profit attributable to owners of the parent of SGD 4.65 million or 2.07 cents per basic and diluted share a year ago. Net cash generated from operating activities was SGD 8.533 million against net cash used in operating activities of SGD 5.322 million last year. Acquisition of property, plant and equipment was SGD 0.841 million against SGD 2.422 million last year. The decline in revenue is due to revenue decline from the Precision sub-assembly segment was a result of an early end-of-life of a major TV product in fourth quarter 2013 from a major Japanese customer without replacement programmes; revenue decline from the Tooling segment was due to intense competition from local companies with lower cost structures; and revenue decline from the Precision component segment was due to a fall in demand for flat TV panels from 2 major Japanese customers and automotive products as current programmes are nearing end-of-life while new programs are facing intense competition from lower-cost competitors. The net loss was due to decline in MSF's gross profit ("GP") margin in third quarter 2014 to 10.1% from 10.5% in third quarter 2013 due to lower revenue; Start-up costs incurred by the Precision sub-assembly segment, in preparation for mass production for initial orders secured from established non-Japanese TV manufacturers; and Disruption of production by an established non-Japanese TV manufacturer as a result of supply chain issues. For the nine months, revenue was SGD 167.021 million compared to SGD 183.058 million a year ago. Loss before taxation and non-controlling interest from continuing operations was SGD 9.218 million compared to income before taxation and non-controlling interest from continuing operations of SGD 3.606 million a year ago. Loss attributable to owners of the parent was SGD 10.485 million or 4.68 cents per diluted share compared to profit attributable to owners of the parent of SGD 3.25 million or 1.44 cents per basic and diluted share a year ago. Net cash generated from operating activities was SGD 0.282 million against net cash used in operating activities of SGD 1.526 million last year. Acquisition of property, plant and equipment was SGD 2.362 million against SGD 3.944 million last year.

InnoTek Limited Announces Incorporation of Mansfield Manufacturing Taiwan Subsidiary

The board of directors of InnoTek Limited announced the incorporation of a Taiwan subsidiary of Mansfield Manufacturing Company Limited, Hong Kong. The new subsidiary Mansfield Technology (Taiwan) Company Limited was set up in Taiwan to provide sales, technical support and services to was set up in Taiwan to provide sales, technical support and services to Taiwanese customers of Mansfield Manufacturing. The principal activities of Mansfield Taiwan are that of sales and marketing of the stamping, tooling, consumer electronics and automotive products of Mansfield Manufacturing and the provision of sales and technical support.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
INNOT:SP $0.25 SGD 0.00

INNOT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for INNOT.
View Industry Companies
 

Industry Analysis

INNOT

Industry Average

Valuation INNOT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact INNOTEK LTD, please visit www.innotek.com.sg. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.