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linair technologies ltd (LIN) Snapshot

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linair technologies ltd (LIN) Details

Linair Technologies Limited supplies and installs environment-control exhaust systems in Singapore and the People’s Republic of China. It operates through Manufacturing, Engineering Services, and Distribution & Services segments. The company manufactures ethylene tetrafluoroethylene coated stainless steel ducts under the CMT brand to handle flammable and non-flammable corrosive/toxic fumes in exhaust systems; uncoated stainless steel ducts; galvanized and stainless steel ductworks and accessories suitable for less corrosive applications, including heating, ventilation, and air-conditioning systems for commercial and industrial buildings; and other specialized exhaust system components, as well as laboratory air flow products, such as isolation dampers designed for shut-off and isolation of one or more tiers of filters in hazardous containment exhaust systems. It is also involved in the provision of turnkey facility construction management and engineering solutions; mechanical, electrical, and plumbing services for commercial, residential, and industrial buildings; and design, installation, testing, and commissioning of air-conditioning and mechanical ventilation (ACMV), and electrical systems, as well as sells and distributes airflow control systems, ductworks for laboratories, and individual ventilated cages. In addition, the company provides maintenance and repair services for ACMV systems, improvement works, and additions and alterations to existing mechanical and electrical systems and facilities; and project management and consultancy services for the construction of semiconductor clean rooms and laboratories. Further, it offers laboratory equipping, decontamination, indoor air quality evaluation, and certification services; and operates as a general contractor for building construction, plumbing, and air-conditioning. The company was founded in 1998 and is based in Singapore.

Founded in 1998

linair technologies ltd (LIN) Top Compensated Officers

Group Chief Executive Officer and Executive D...
Total Annual Compensation: $197.1K
Executive Chairman
Total Annual Compensation: $59.5K
Compensation as of Fiscal Year 2013.

linair technologies ltd (LIN) Key Developments

Linair Technologies Limited Announces Unaudited Group Earnings Results for the Half Year Ended June 30, 2014

Linair Technologies Limited announced unaudited group earnings results for the half year ended June 30, 2014. For the period, revenue was SGD 7,783,000 against SGD 16,410,000 a year ago. This was mainly due to a decrease in revenue of approximately SGD 10.5 million from the engineering segment as a result of fewer projects. Loss before taxation was SGD 618,000 against SGD 972,000 a year ago. Loss attributable to shareholders of the company was SGD 655,000 against SGD 965,000 a year ago. Net cash generated from operating activities was SGD 2,038,000 against SGD 582,000 a year ago. Purchase of property, plant and equipment was SGD 753,000 against SGD 16,000 a year ago. Basic and diluted earnings per share was 0.19 cents against 0.28 cents a year ago.

Linair Technologies Limited Provides Earnings Guidance for the Six Months Ended June 30, 2014

Linair Technologies Limited provided earnings guidance for the six months ended June 30, 2014. For the period, the company expects to report a lower net loss for the first half year ended 30 June 2014 compared with the corresponding period in the preceding financial year. The net loss while lower, is directly attributable to lower revenue recognized from lower sales. The Group is committed to the restructuring and cost rationalizing exercise which began in September 2013. The Group will continue to drive the vigorous rationalizing process of both costs, projects as well as the strengthening of business divisions so as to create a strong platform for return to sustainable growth.

Linair Technologies Limited Appoints Ng Yui Wei as Group Chief Financial Officer and Company Secretary, Effective from June 17, 2014

The Board of Directors of the Linair Technologies Limited unanimously approved the appointment of Mr. Ng Yui Wei as the Company's Group Chief Financial Officer and Company Secretary, effective from June 17, 2014. He is from March 2014 - June 2014 worked as Group FInancial Controller of Taka Jewellery Pte Ltd. and from September 2012 - March 2014 as Financial Controller of TEE Land Limited.


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