lion teck chiang ltd (LTC) Snapshot

Lion Teck Chiang Ltd. announced unaudited consolidated financial results for the third quarter and nine months ended March 31, 2013. For the quarter, revenue was $56,832,000 against $43,477,000 for the same period of last year. Profit before tax was $19,305,000 against $5,127,000 for the same period of last year. Profit net of tax attributable to equity holders of the company was $12,944,000 against $2,287,000 for the same period of last year. Net cash generated from operating activities was $1,707,000 against outflow of $5,662,000 for the same period of last year. Purchases of property, plant and equipment was $1,576,000 against $58,000 for the same period of last year. Diluted EPS was 8.27 cents against 1.46 cents for the same period of last year. For the nine months, revenue was $149,394,000 against $113,143,000 for the same period of last year. Profit before tax was $31,498,000 against $9,621,000 for the same period of last year. Profit net of tax attributable to equity holders of the company was $19,258,000 against $4,331,000 for the same period of last year. Net cash generated from operating activities was $24,217,000 against outflow of $2,675,000 for the same period of last year. Purchases of property, plant and equipment was $2,306,000 against $239,000 for the same period of last year. Diluted EPS was 12.31 cents against 2.77 cents for the same period of last year. Group turnover for the quarter improved by 30.7% was due to higher turnover for property development in Malaysia partially offset by a decline in steel turnover.

Lion Teck Chiang Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported profit net of tax attributable to owners of company of SGD 1,590,000 or 1.02 cents per basic and diluted share on revenues of SGD 42,539,000 compared to net loss net of tax attributable to owners of company of SGD 168,000 or 0.11 cents per basic and diluted share on revenues of SGD 35,835,000 for the corresponding period of last year. Profit before tax was SGD 4,896,000 against SGD 929,000 for the comparable period of last year. Net cash generated from operating activities was SGD 20,000,000 against SGD 1,606,000 for the corresponding period of last year. Purchase of property, plant and equipment was SGD 533,000 against SGD 31,000 of previous year period. For the six months, the company reported profit net of tax attributable to owners of company of SGD 6,314,000 or 4.40 cents per basic and diluted share on revenues of SGD 92,562,000 compared to profit net of tax attributable to owners of company of SGD 2,044,000 or 1.31 cents per basic and diluted share on revenues of SGD 69,666,000 for the corresponding period of last year. Profit before tax was SGD 12,193,000 against SGD 4,494,000 for the comparable period of last year. Net cash generated from operating activities was SGD 22,510,000 against SGD 2,987,000 for the corresponding period of last year. Purchase of property, plant and equipment was SGD 730,000 against SGD 181,000 of previous year period. Net asset value per ordinary share based on issued share capital was 132.97 cents compared to 129.64 cents a year ago.

Lion Teck Chiang Ltd. reported unaudited consolidated earnings results for the first quarter ended September 30, 2012. For the period, the company reported net profit attributable to owners was $4,724,000 or $3.02 per basic and diluted share on revenue of $50,023,000 against net profit attributable to owners was $2,212,000 or $1.41 per basic and diluted share on revenue of $33,831,000 a year ago. Operating profit was $7,484,000 compared to $3,790,000 a year ago. Profit before taxation was $7,297,000 compared to $3,565,000 a year ago. Net cash generated from operating activities was $2,510,000 compared to $1,381,000 a year ago. Purchase of property, plant and equipment was $197,000 compared to $150,000 a year ago.