Corporate digest

Sunningdale Tech

SUNNINGDALE Tech Ltd posted on Monday a 63.3 per cent rise in its Q4 net profit, citing increases in other income. The plastic manufacturing company said it saw a foreign exchange gain and a gain on the disposal of property, plant and equipment. Net profit for the three months ended Dec 31, 2016 stood at S$21.5 million. Earnings per share for the quarter was 11.42 cents, up from 7.08 cents in the previous year. Full-year net profit fell 7.2 per cent to S$39.1 million. The firm proposed a final ordinary dividend of 6 cents per share.

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