Ryobi Kiso Holdings Ltd. Reports Unaudited Group Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2018; Announces No Dividend for the Current Financial Year Ended June 30, 2018
For the full year, the company reported revenue of SGD 146,908,000 compared to SGD 144,814,000 a year ago. Loss before income tax was SGD 58,405,000 compared to profit of SGD 1,129,000 a year ago. Loss for the period was SGD 58,822,000 compared to profit of SGD 1,053,000 a year ago. Loss for the period attributable to owners of the company was SGD 56,916,000 compared to profit of SGD 801,000 a year ago. Net cash used in operating activities was SGD 19,250,000 compared to net cash generated from operating activities of SGD 12,044,000 a year ago. Purchases of property, plant and equipment was SGD 2,451,000 compared to SGD 5,206,000 a year ago. Basic and diluted loss per share was 19.19 cents against earnings per share of 0.27 cents a year ago. The increase in revenue was primarily from the Group's bored piling segment offset with the decrease in revenue of eco-friendly piling, geoservices and others segment.
The company announced that no dividend is recommended for the current financial year. The company announced final tax exempt cash dividend of SGD 0.004 for the corresponding period of the immediately preceding financial year.