Enviro-Hub

Enviro-Hub

Postby millionairemind » Mon Nov 10, 2008 6:20 pm

November 10, 2008, 5.39 pm (Singapore time)

Enviro-Hub sinks into the red in Q3
By ANGELA TAN

Enviro-Hub Holdings Ltd on Monday reported the waste management group sank into the red for the third quarter ended September 30, 2008 and warned that the slowdown in the global economy would have an impact on the volume and price of E-Waste.
For the third quarter, the group made a net loss of S$172,000 compared to a net profit of S$196,000 a year ago.

Revenue was down 59 per cent at S$18.24 million due to a decrease in its trading of metals.

Due to further unexpected delays in the completion of the setting up of the plastic to fuel plant, the group now expects the plant to be operational in 1Q 2009.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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Re: Enviro-Hub

Postby millionairemind » Fri Jan 23, 2009 7:11 pm

January 23, 2009, 6.44 pm (Singapore time)

Enviro-Hub warns of Q4 losses
By ANGELA TAN

Enviro-Hub Holdings Ltd on Friday warned that the group is likely to incur a loss for the fourth quarter ended December 31, 2008 and for the full year 2008.

It said the deteriorating global financial situation has caused a sharp dip in the demand and price of commodities.

The group has to write down its inventories which were purchased earlier at higher prices to the fair market value.

It also has adjusted its expectation of the return from its investment in subsidiaries as a result of the global financial crisis.

It may potentially written off its goodwill on consolidation significantly.

The slow down in the global market demand has also resulted in lower revenues as compared to the corresponding period in FY 2007.

Its performance is further affected by global market uncertainty and is expected to make impairment of fixed assets and substantial impairment of doubtful debts.

Enviro-Hub said the recent political instability in Thailand has directly affected the performance of its investment in Thailand.

As a result, it deems it has to make necessary impairment to its investment.

The construction of the group's plastic to fuel plant was still in progress as at financial year ended December 2008.

The initial set up costs of the plant have to be charged out to income statement without corresponding revenues generated.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Enviro-Hub

Postby behappyalways » Sun Jan 24, 2021 3:46 pm

Enviro-Hub to invest in Pastel Glove for US$5 mil, to become 25% subsidiary after
https://www.theedgesingapore.com/news/m ... iary-after
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Re: Enviro-Hub

Postby behappyalways » Sat Mar 20, 2021 3:38 pm

Enviro-Hub subsidiary Pastel Glove gets approval to produce medical-grade gloves
https://www.theedgesingapore.com/capita ... ade-gloves
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Re: Enviro-Hub

Postby behappyalways » Tue May 25, 2021 1:16 pm

Enviro-Hub to proceed with disposal of Lam Soon property for $35.3 mil
https://www.theedgesingapore.com/news/p ... ty-353-mil


Enviro-Hub to acquire remaining 75% stake in Pastel Gloves for $46.8 mil
https://www.theedgesingapore.com/news/m ... es-468-mil
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Re: Enviro-Hub

Postby behappyalways » Sun Aug 08, 2021 4:42 pm

Enviro-Hub back in the green with earnings of $0.7 million in 1H21
https://www.theedgesingapore.com/capita ... llion-1h21
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Re: Enviro-Hub

Postby behappyalways » Fri Feb 25, 2022 11:01 am

Enviro-Hub sees 4.5 times surge in 2HFY2021 earnings of $2.7 mil; records all-time high earnings of $3.2 mil in FY2021
https://www.theedgesingapore.com/capita ... -time-high
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Re: Enviro-Hub

Postby behappyalways » Fri Feb 24, 2023 1:55 pm

Enviro-Hub’s FY2022 earnings drop by 17% y-o-y to $2.2 mil on gross losses in its healthcare and construction segments
https://www.theedgesingapore.com/capita ... thcare-and
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Re: Enviro-Hub

Postby behappyalways » Mon Sep 04, 2023 4:12 pm

General manager of Enviro-Hub Holdings’ subsidiary investigated by CPIB
https://www.theedgesingapore.com/news/c ... gated-cpib
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