noel gifts intl

Noel Gifts posts S$1.2 million H1 loss but expects full-year profit on proceeds of collective sale

MAINBOARD-LISTED Noel Gifts International reported a net loss of S$1.2 million for the first half ended Dec 31, 2023, as its losses widened 84.1 per cent year-on-year from S$0.6 million. (See *Amendme...

Noel Gifts expects to book S$30.6 million from the sale of the 10 units it owns at 50 Playfair Road, a freehold industrial property.

Noel Gifts gets go-ahead for  Playfair Road sale; FY2024 results to benefit

But the company expects to report a loss for the first half of the financial year.

Noel Gifts says it intends to use the proceeds from the sale of its 10 units at 50 Playfair Road (above) for future opportunistic acquisitions and investments, as well as to fund its general working capital requirements.

Hot stock: Noel Gifts hits over 6-year high with Playfair Road sale

SHARES of Noel Gifts International surged to a record high on Friday (Nov 24) after the group reported that it expects to book some S$30.61 million from the S$81.18 million sale of the 10 units it own...

Alfred Wong, the managing director of Noel Gifts International. His son Kenneth was promoted to the role of senior manager for corporate development from Jul 1.

Son of Noel Gifts founder assumes managerial role

KENNETH Wong, the 34-year-old son of Noel Gifts International founder Alfred Wong, has assumed a managerial position in the company.

Labour crunch hampers fulfilment by gifts, florist firms

Labour crunch hampers fulfilment by gifts, florist firms

Some have modernised their business; others face slow demand, high costs