Last $0.35 SGD
Change Today 0.00 / 0.00%
Volume 0.0
INNOT On Other Exchanges
Symbol
Exchange
Singapore
As of 5:04 AM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

innotek ltd (INNOT) Snapshot

Open
$0.34
Previous Close
$0.35
Day High
$0.35
Day Low
$0.34
52 Week High
07/21/14 - $0.42
52 Week Low
01/13/14 - $0.28
Market Cap
84.0M
Average Volume 10 Days
113.6K
EPS TTM
$-0.02
Shares Outstanding
243.5M
EX-Date
05/6/14
P/E TM
--
Dividend
$0.01
Dividend Yield
2.90%
Current Stock Chart for INNOTEK LTD (INNOT)

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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 Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Fixed Assets Written Off for the Second Quarter Ended June 30, 2014

InnoTek Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company announced revenue of SGD 54,815,000 compared to SGD 58,274,000 for the same period a year ago. Loss before taxation and non-controlling interest was SGD 3,232,000 compared to profit before taxation and non-controlling interest of SGD 100,000 for the same period a year ago. Loss, net of tax was SGD 3,877,000 compared to profit, net of tax of SGD 11,000 for the same period a year ago. Loss attributable to owners of the parent company of SGD 3,860,000 or 1.72 cents per basic and diluted share compared to profit attributable to owners of the parent company of SGD 32,000 or 0.01 cents per basic and diluted share for the same period a year ago. Net cash used in operating activities was SGD 6,185,000 compared to SGD 5,006,000 for the same period a year ago. Acquisition of property, plant and equipment was SGD 449,000 compared to SGD 1,016,000 for the same period a year ago. Additions to intangible assets were SGD 9,000 compared to SGD 100,000 for the same period a year ago. The group's revenue declined due mainly to: Revenue decline from Precision sub-assembly segment as a result of an early end-of-life of a major TV product in fourth quarter of 2013 from a major Japanese customer without replacement programmes; and revenue decline from Tooling segment due to intense competition from local companies with lower cost structures. For the six months, the company announced revenue of SGD 108,963,000 compared to SGD 116,382,000 for the same period a year ago. Loss before taxation and non-controlling interest was SGD 6,527,000 compared to SGD 1,156,000 for the same period a year ago. Loss, net of tax was SGD 7,680,000 compared to SGD 1,419,000 for the same period a year ago. Loss attributable to owners of the parent company of SGD 7,641,000 or 3.41 cents per basic and diluted share compared to SGD 1,400,000 or 0.62 cents per basic and diluted share for the same period a year ago. Net cash used in operating activities was SGD 8,251,000 compared to net cash generated from operating activities of SGD 3,796,000 for the same period a year ago. Acquisition of property, plant and equipment was SGD 1,521,000 compared to SGD 1,522,000 for the same period a year ago. Additions to intangible assets were SGD 35,000 compared to SGD 809,000 for the same period a year ago. For the second quarter ended June 30, 2014, the company announced fixed assets written off of SGD 4,000.

Yong Kok Hoon Resigns as Managing and Executive Director of InnoTek Limited

InnoTek Limited announced resignation of Yong Kok Hoon as Managing and Executive Director effective from May 16, 2014, to pursue other opportunities.

InnoTek Limited Reports Unaudited Consolidated Financial Results for the First Quarter Ended 31 March 2014; Reports Write Off of Fixed Assets for the First Quarter Ended 31 March 2014

InnoTek Limited reported unaudited consolidated financial results for the first quarter ended 31 March 2014. Revenue declined to SGD 54.1 million in the first quarter 2014 from SGD 58.1 million in the first quarter 2013. The group recorded a net loss after tax of SGD 3.8 million in the first quarter 2014, compared to SGD 1.4 million in the first quarter 2013. Diluted loss per share was 1.68 cents compared to 0.63 cents for the last year. Loss before taxation and non-controlling interest from continuing operations was SGD 3.295 million, compared to SGD 1.256 million for the last year. Loss attributable to owners of the parent was SGD 3.781 million, compared to SGD 1.432 million for the last year. Net cash used in operating activities was SGD 1.879 million, compared to net cash from operating activities of SGD 8.802 million for the last year. Acquisition of property, plant and equipment was SGD 1.072 million, compared to SGD 0.506 million for the last year. Addition to intangible assets was SGD 26,000, compared to SGD 709,000 for the last year. Fixed assets written off for the first quarter ended 31 March 2014 was SGD 33,000.

 

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