800 Super's Q4 bottom line bolstered by revenue growth, tax credits
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Nisha Ramchandani
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800 Super Holdings reported a fourth-quarter net profit of S$4.28 million, up over 69 per cent year on year, in line with higher revenue and a higher income tax credit.
Revenue for the quarter edged up 3.5 per cent to S$39.83 million while earnings per share clocked 2.39 cents, up from 1.41 cents a year ago.
A final cash dividend of 2.5 cents per share has been proposed.
For the full year ended June 30, net profit was 4.8 per cent lower at S$16.73 million even as revenue rose 11.5 per cent to S$156.44 million.
The increase in revenue was mainly contributed by projects that were re-awarded with revised pricing and new contracts awarded.
The group said: "The industry - (that is) the provision of waste management, cleaning and conservancy and horticultural services - is highly competitive. The group is competing on the basis of the quality of services provided, timeliness of service delivery and pricing as well as past track record. As a comprehensive environmental solutions provider, the group will leverage on this to better compete for new projects."
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The group is expected to remain profitable for the next financial reporting period, it added.
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