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hyflux ltd (600) Details

Hyflux Ltd, an investment holding company, provides solutions focusing on the areas of water and energy worldwide. The company operates through two segments, Municipal and Industrial. The Municipal segment supplies a range of infrastructure solutions, including water, power, and waste-to-energy to municipalities and governments. The Industrial segment offers liquid separation applications for industrial customers, such as the pharmaceutical, biotechnology, food processing, and petrochemical oil-related industries. The company provides seawater desalination, raw water purification, wastewater cleaning, water recycling, water reclamation, and pure water production services to municipal and industrial clients, as well as to home consumers; filtration services; and purification products. It also designs, constructs, owns, operates, and sells water treatment, seawater desalination, wastewater treatment, and water recycling plants under service concession arrangements; and sells oxygen-rich water and related products and services. In addition, the company designs, constructs, owns, operates, and sells power plants and waste-to-energy plants; and trades in the electricity markets. Hyflux Ltd was founded in 1989 and is headquartered in Singapore.

2,800 Employees
Last Reported Date: 11/9/17
Founded in 1989

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hyflux ltd
Hyflux Ltd Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017

Hyflux Ltd. announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue was SGD 98,019,000 against SGD 248,546,000 a year ago. Loss before income tax was SGD 1,103,000 against profit before income tax of SGD 51,342,000 a year ago. Loss for the period was SGD 24,560,000 against profit for the period of SGD 12,068,000 a year ago. Profit (excluding tuaspring) attributable to owners of the company was SGD 524,000 against SGD 41,139,000 a year ago. Loss attributable to owners of the company was SGD 26,067,000 against profit attributable to owners of the company of SGD 10,305,000 a year ago. Net cash used in operating activities was SGD 37,024 against SGD 75,959 a year ago. Acquisition of property, plant and equipment was SGD 2,116,000 against SGD 7,221,000 a year ago. Acquisition of intangible assets was SGD 83,000 against SGD 21,000 a year ago. Loss per ordinary share of the Group based on net profit attributable to owners of the company on a fully diluted basis of ordinary shares was 5.04 cents against 1.05 cents a year ago. For the nine months, the company reported revenue was SGD 271,304,000 against SGD 702,421,000 a year ago. Profit before income tax was SGD 22,953,000 against SGD 126,156,000 a year ago. Loss for the period was SGD 49,917,000 against profit for the period of SGD 24,336,000 a year ago. Profit (excluding tuaspring) attributable to owners of the company was SGD 24,145,000 against SGD 102,295,000 a year ago. Loss attributable to owners of the company was SGD 50,352,000 against profit attributable to owners of the company of SGD 20,249,000 a year ago. Net cash used in operating activities was SGD 210,747 against SGD 211,445 a year ago. Acquisition of property, plant and equipment was SGD 12,537,000 against SGD 20,214,000 a year ago. Acquisition of intangible assets was SGD 295,000 against SGD 1,044,000 a year ago. Group's Revenues were lower against comparative periods by approximately 61%. This was due mainly to lower revenue from the Engineering, Procurement and Construction activities, in line with the respective planned construction phases of the major projects in the TuasOne Waste-to-Energy Project in Singapore and the Qurayyat Independent Water Project in the Sultanate of Oman. Loss per ordinary share of the Group based on net profit attributable to owners of the company on a fully diluted basis of ordinary shares was 11.67 cents against 3.26 cents a year ago.

Hyflux Ltd Appoints Chang Cheow Teck as Group Executive Vice President Effective November 1, 2017

Hyflux Ltd. announced the appointment of Chang Cheow Teck as group executive vice president effective November 1, 2017. Chang was the former President of Singapore Technology Marine Ltd. which was under investigation in 2011 (relating to the three Prevention of Corruption Act Charges originally preferred against Mr. Chang and for which he was eventually acquitted). ST Marine itself never faced any charges in relation to this investigation.

Hyflux Ltd Announces Preferential Dividend, Payable on 25 October 2017

Hyflux Ltd. announced that the share transfer books and register of preference shareholders of Hyflux Ltd. will be closed on 12 October 2017. Duly completed registrable transfers received by the Company's Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., 50 Raffles Place, #32-01, Singapore Land Tower, Singapore 048623 up to 5.00 p.m. on 11 October 2017 will be registered to determine Preference Shareholders' entitlements to a cumulative preferential dividend at 6% per annum on the Liquidation Preference of each Preference Share, calculated on the basis of 183 days from (and including) 25 April 2017 to (but excluding) 25 October 2017 (being the relevant dividend period). The preferential dividend will be paid on 25 October 2017.

 

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