BH Global Marine

[winston]

Not vested.

BH Global Marine - BH Global Marine, which supplies marine electrical cables and lighting to shipyards, said it delivered a record interim net profit of S$10.7 million ($7.91 million) for the first half of 2008, up by 28 percent from S$8.3 million ($6.14 million) for the year ago period.

[millionairemind]

BH Global's Q4 net profit falls 10%

By NISHA RAMCHANDANI

BH Global Marine posted a 10 per cent drop in net profit year on year to $3.13 million for the fourth quarter ended 31 December 2009, despite a 33 per cent jump in revenue to $26.63 million.

For the full financial year, net profit was 24 per cent lower year on year at $14.68 million while revenue crossed the $100 million mark for the first time, coming in seven per cent higher at $101.63 million.

The higher revenue was due to $16.2 million in revenue from newly acquired subsidiaries, Z-Power Automation and Sky Holdings.

Revenue from its marine lighting equipment and accessories segment increased to $17.6 million, on the back of more orders. For the mainstay marine cable business, revenue decreased by 13 per cent to $60.2 million, as lower copper prices translated to lower selling prices.

The board has recommended a first and final dividend of 0.8 Singapore cents per ordinary share, representing a payout ratio of 23 per cent.

'2009 was an eventful year for us, as we embarked on several strategic acquisitions and joint ventures (in Oman and Myanmar). We will continue to explore opportunities in overseas market with good potential, such as the Middle East, Myanmar and India,' said ceo Vincent Lim.

[Blackjack]

Another TDR...

BH Global to offer up to 60 mln new shares for planned TDR

By ANGELA TAN

BH Global Marine Limited said on Tuesday that it plans to offer Taiwan Depository Receipts (TDR) for listing on the Taiwan Stock Exchange.

The proposed issue size represents up to 60 million new BH Global shares.

BH Global said the bulk of the TDR proceeds will be used to set up a galvanized steel wire manufacturing plant in Oman.

The remaining proceeds will be used to finance future expansion plans such as strategic merger and acquisition activities, as and when the opportunity arises.

[winston]

Not vested

BH Global Marine said it plans to issue 30 million Taiwan depository receipts with each representing two ordinary shares of the company.

It expects to raise between S$20.4 million and S$24.9 million from the TDRs and estimates that the proposed issue price for each TDR will be between NT$16 and NT$19.50.


Source: Reuters

[winston]

Not vested

BH GLOBAL MARINE - Marine and offshore services provider BH Global Marine said on Wednesday it will issue up to 30 million Taiwan Depository Receipts (TDR) in the ratio of one TDR representing two ordinary shares.

The TDRs will be issued at NT$17 or S$0.72 each.


Source: Reuters

[winston]

Not vested

BH GLOBAL MARINE - BH Global Marine said it will issue 30 million Taiwan depository receipts at NT$17 each, representing 60 million of its shares.

The firm's TDRs will be listed on the Taiwan stock exchange on Oct 20.


Source: Reuters

[winston]

Not vested

BH GLOBAL MARINE - Marine and offshore services provider BH Global Marine said on Wednesday its Taiwan Depository Receipts had surged to close at NT$18.15 (S$0.77) on their trading debut, hitting the 7 percent daily limit set by the Taiwan Stock Exchange.

Source: Reuters

[winston]

Not vested

BH GLOBAL MARINE - Singapore marine and offshore services provider BH Global Marine said on Wednesday its third-quarter net profit fell 9 percent to S$3.8 million ($2.91 million) from a year ago mainly due to slow payment from some clients affected by the credit crunch.

Source: Reuters

[Musicwhiz]

Not vested

BH GLOBAL MARINE - Singapore marine and offshore services provider BH Global Marine said on Wednesday its third-quarter net profit fell 9 percent to S$3.8 million ($2.91 million) from a year ago mainly due to slow payment from some clients affected by the credit crunch.

Source: Reuters

What has slow payments (i.e. cash) have to do with profits (i.e. accounting profit)? Any accountant can tell that the reason given is not sound!

[behappyalways]

bh-global-reverses-back-profitability-1h
https://www.theedgesingapore.com/bh-glo ... ability-1h