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VAN DER HORST ENERGY LIMITED

This share has been a dog for too long. Wonder if there is any hope.

 

Van Der Horst Energy posts higher full-year net profit of $1.2m

 

Van Der Horst Energy says net profit for the full year ending Aug 2011 (FY2011) more than doubled to $1.2 million from $367,000 in the year earlier period. This came on the back of a 33.9% increase in revenue from $6.9 million to $9.2 million due to higher business volumes in logistic business and contributions from its overseas subsidiaries, GKE (Shanghai) Metal Logistics Co. and Liaoning China Starzyme Co.


/theedge 14/10/

 

Van Der Horst Energy Limited  announced that its 65% owned subsidiary, GKE ( Shanghai ) Metal Logistics Co., Ltd has incorporated a wholly-owned subsidiary company in the People's Republic of China , known as Shanghai GKE Logistics Co., Ltd. Shanghai GKE has a registered capital of RMB300,000 and will be principally engaged in the business of storage, freight forwarders, warehousing, packing, removal and delivery facilities. The incorporation of Shanghai GKE will be funded internally

 

 

sgx

 

 

 

Van der Horst Energy Limited announced that the Company has through a series of open market and married deals between 29th December 2010 to 7th January 2011 disposed in aggregate of 37.15 million ordinary shares, representing approximately 6.74% of the issued share capital of Viking Offshore and Marine Limited. As a result of the Disposal, the Company now holds an aggregate of 6.85 million ordinary shares in Viking, which represents 1.24% of the issued share capital of Viking. The total consideration received by the Company for the Disposal is approximately S$7.43 million and was arrived at on a willing-buyer and willing-seller basis taking into account, inter alia, the current quoted market price of Viking shares. The total consideration was received in cash. As at 10 January 2011, the market value of the 37.15 million ordinary shares of Viking is approximately S$7.80 million. The Board views the Disposal as a viable decision to realise profits based on current market conditions.

 

 

This counter high volume trading from mkt open. Must take note... :)

 

VDH Energy fm loss 2 win...

Nxt Mon shd b cheong liao...

('',)

 

FIRST QUARTER RESULTS * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT

* Asterisks denote mandatory information

 

"DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."

 

Name of Announcer *	VAN DER HORST ENERGY LIMITED
Company Registration No.	200001941G
Announcement submitted on behalf of	VAN DER HORST ENERGY LIMITED
Announcement is submitted with respect to *	VAN DER HORST ENERGY LIMITED
Announcement is submitted by *	Cheng Lim Kong
Designation *	Chief Executive Officer
Date & Time of Broadcast	08-Oct-2010 17:07:58
Announcement No.	00051

 

 

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

 

For the Financial Period Ended *

31-08-2010

Description

Please see attached. This announcement has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, KW Capital Pte. Ltd. (the “Sponsor”) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the “SGX-ST”). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The details of the contact person for the Sponsor are: Name: Mr Yang Eu Jin Address: 80 Raffles Place, #25-01 UOB Plaza 1, Singapore 048624 Telephone (65) 6238 3377

 

Attachments

1Q2011.pdf Total size = 166K (2048K size limit recommended)