Company Briefs: Sim Lian Group

Sim Lian Group

Sim Lian Group is launching for sale today its executive condominium (EC) project at Choa Chu Kang Avenue 3.

Applications for the 534-unit Wandervale are now open until Feb 28.

The balloting and booking date is on March 5.

The EC features 130 three-bedroom units, 322 three-bedroom premium units and 82 four-bedroom units ranging from 958 to 1,249 sq ft.

The units will be priced at the $750 to 770 per sq ft range on average.

The 99-year-lease development is scheduled to receive its temporary occupation permit by 2019.

ValueMax Group

ValueMax Group's net profit rose by 11.7 per cent to $10 million.

This was despite revenue falling by 16.8 per cent to $269.9 million for the year ended Dec 31.

Revenue from retail and trading of pre-owned jewellery and gold business decreased by $57.5 million while revenue from pawnbroking remained relatively stable.

Moneylending contributed $2.7 million to the revenue.

Gross profit margin improved from 7.7 per cent in 2014 to 10.3 per cent last year.

Earnings per share grew to 1.88 cents from 1.69 cents previously while net asset value per share rose by 0.88 cent to 29.14 cents.

A final dividend of 0.95 cent a share was proposed, up from 0.88 cent previously.

Koh Brothers Group

Koh Brothers Group said its fourth quarter earnings climbed by 22 per cent to $7.6 million.

Sales for the three months to Dec 31 was up 10 per cent at $112.3 million, contributed mainly by the construction and building materials divisions.

However, gross profit fell 20 per cent to $11.7 million, primarily due to lower gross profit margins.

Earnings per share rose to 1.82 cents from 1.42 cents previously while net asset value per share grew to 61.98 cents compared with 55.73 cents a year earlier.

Unchanged dividends totalling 0.8 cent a share were proposed.

A version of this article appeared in the print edition of The Straits Times on February 18, 2016, with the headline 'CompanyBriefs'. Print Edition | Subscribe