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May hit 10cents very soon tml!
HG METAL to rally to 10cents on higher metal prices?!!
NOTICE OF BOOK CLOSURE DATE FOR DIVIDEND
Dividend Value: SGD 0.003 Per 1 Ordinary share
Dividend Type: Interim
Financial Year End: 30/09/2011
| Record Date * | 22-05-2013 |
| Record Time * | 17:00 |
| Date Paid/Payable (if applicable) | 30-05-2013 |
http://info.sgx.com/webcorannc.nsf/AnnouncementLast3MonthsByCompanyNameAndCategory/3F01415B95564F5148257B6400313E82?opendocument
FIRST QUARTER RESULTS * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
http://info.sgx.com/webcorannc.nsf/AnnouncementToday/031401241992CD2F48257B6A00363DDC?opendocument
HG METAL MANUFACTURING LTD 04-Dec-2012 19:04:49
FULL YEAR RESULTS * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
http://info.sgx.com/webcorannc.nsf/AnnouncementLast3MonthsByCompanyNameAndCategory/CF5782203514632D48257ACA00335CFD?opendocument
Business Times - 25 Nov 2011
HG Metal returns to the black in Q4, plans 0.6 cts/shr dividend
By CARINE LEE
HG Metal Manufacturing Limited on Friday posted a net profit of $1.4 million for the fourth quarter ended Sept 30, 2011, recovering from a net loss of $10.17 million a year ago.
Backed by increased sales volume in Singapore, Malaysia and Indonesia, the steel distributor and processor reported a 76 per cent increase in revenues for the reporting quarter to $66.14 million from $37.49 million the corresponding period last year.
Earnings per share (EPS) for the quarter was 0.14 cents. A year ago, it posted a loss per share of 1.31 cents.
Full year earnings was $16.6 million, a turnaround from a $2.48 million loss a year ago.
Revenues for the year rose 18 per cent year-on-year to $238.84 million from $203.07 million. However, gross profit margin declined marginally from 11.7 per cent in FY2010 to 10.9 per cent in FY2011 due to competitive business environment.
EPS for the year ended Sept 30, was 1.78 cents. A year ago, it posted a loss per share of 0.32 cents.
The group has proposed an interim dividend of 0.6 Singapore cents per share. No dividends were issued the previous year.
Looking ahead, the industry forecasts that world steel demand will grow by 5.4 per cent in 2012, with emerging and developing economies accounting for 73 per cent of world steel demand.
Any news guys, suddenly this counter has huge vol.
Cheers.
Business Times - 30 Nov 2010
HG Metal's Q4 loss widens on inventory writedown
By JAMIE LEE
HG Metal Manufacturing widened its net loss for the fourth quarter due to a hefty $11.5 million writedown for its inventories.
The steel stockist said its net loss for the three months ended September stood at $10.3 million compared with a net loss of $5.8 million for the same period a year ago.
This translated to a loss of 1.29 cents per share for the quarter, against a loss of 2.19 cents per share.
HG Metal said the loss was due to an $11.5 million writedown of 'slow-moving inventories'.
It gave no details beyond saying this came after a comprehensive review of these slow-moving inventories and that it is now replenishing its stocks at current market levels.
Revenue for the period sank 70 per cent to $37.5 million due to the non-consolidation of a former subsidiary, BRC Asia, and poorer sales.
In November last year, HG Metal Manufacturing's subsidiary HG Metal went through a capital reduction of $46.4 million by transferring 282 million BRC Asia shares to the shareholders. BRC Asia ceased to be a subsidiary of the group as a result.
Following the capital reduction, HG Metal disposed of about 109 million BRC Asia shares, with the group recording a loss of $1.9 million in the second fiscal quarter as a result.
After BRC Asia issued 100 million new shares to third parties in April, the group's equity interests now stand at about 24 per cent.
Besides non-consolidation of BRC, the 85 per cent drop in gross profit to $3 million in the fourth quarter was in line with lower trading activities, HG Metal Manufacturing added.
For the full year, the company reversed into the black with a net profit of $458,000 compared with a net loss of $58.8 million for the previous year on higher gross profit margins and a lower inventory writedown for the financial year.
While the company posted a 65 per cent drop in sales to $203 million, gross profit rose 53 per cent to $23.8 million.
Its 'other operating expenses' - the largest expense component - also narrowed 54 per cent to $21 million.
Shares of HG Metal closed unchanged at 10 cents yesterday.