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XMH Holdings posts net profit of S$611,000 in Q4

XMH Holdings posted a net profit of S$611,000 in the fourth quarter, reversing a net loss of S$1.7 million a year ago. Its revenue for the quarter was S$23.4 million, down 0.7 per cent compared to a year ago.

For the full year ended April, the company posted a net profit of S$5.4 million, a drop of 11.4 per cent compared to a year ago. Its revenue dropped 13 per cent, from S$105.2 million to S$91.5 million primarily due to the decrease from both the distribution and after sales business segments by approximately S$29.7 million. This was offset by the increase of approximately S$16.1 million from the projects segment.

For FY2015, the group has proposed a final dividend of 0.8 Singapore cent per share. The dividend amount equates to a dividend payout of approximately 67.8 per cent.

The group expects to move into its new seven-storey facility at Tuas in the last quarter of 2015. This will provide the ability to accommodate all its subsidiaries and production lines and increase general warehousing capacities.

"As a group, we will continue to exercise prudence as the macro environment still holds many uncertainties. In our overall expansion strategy, we hope to capitalise on our new facility ... As part of the group's efforts to remain competitive, we will stay vigilant to all relevant developments with keen interest and remain cautious," it said.

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