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Ryobi Kiso Vietnam unit wins $3.2m contract
| WRITTEN BY THE EDGE |
| MONDAY, 10 OCTOBER 2011 21:36 |
Ryobi Kiso Holdings says subsidiary Raffles Piling Vietnam Company and its joint-venture partner Phu Chong Co have secured a 51.2 billion dong ($3.1 million) piling contract.
The JV partners will provide foundation works for Saigon Golf Country Club and Residences -- The Hill Luxury Apartment.
Awarded by Norfolk Group's Saigon Development and Investment Corporation, piling work, which started on Oct 15 is expected to be completed in six months.
Ryobi leases industrial site in Vietnam for US$1.64m
Ryobi Kiso Holdings Ltd on Tuesday announced that its subsidiary, Ryobi Development Pte Ltd, has signed an in-principle agreement with Ascendas-Protrade Company Limited to lease the land use rights in Vietnam for US$1.64 million.
The site, measuring 35,676 sqm, is located in Ascendas-Protrade Singapore Tech Park in An Tay Ward, Ben Cat District of Binh Duong Province.
'We believe that our development in APSTP will be able to provide a cost-competitive platform and business linkage for small and medium enterprises from Singapore, looking to start businesses in Vietnam,' Ong Tiong Siew, Executive Director and CEO of Ryobi Kiso said.
Funded by internal financing and bank borrowings, the lease begins from Oct 27, 2011 to Oct 28, 2057.
Ryobi Development will develop ready built factories and built-to-suit projects for small and medium enterprises and multinational corporations.Source: Business Times Breaking News
Ryobi Kiso Holdings Ltd, ground engineering solutions company, has secured its largest contract to date in Vietnam : a 191 billion Vietnamese dong (S$11.3 million) contract together with its joint venture partner, Phu Cuong Co Ltd.
http://sgsharemarket.com/home/2011/07/singapore-company-highlights-11072011/?=RyobiKiso
Ryobi Kiso: Posts Net Profit Of $1.0 Million On Revenue Of $29.7 Million For 3Q11.
Ryobi Kiso Holdings Ltd. has reported a net profit of $1.0 million on revenue of $29.7 million for the third quarter ended 31 March 2011. For the nine months ended 31 March 2011, the Group reported revenue of $92.1 million and net profit of $7.8 million. As at 31 March 2011, total shareholders' equity improved by $3.6 million to $116.3 million. The Group maintained a strong balance sheet with cash and cash equivalents of $42.6 million. The Group's order book as at 31 March 2011 stood at $75.1 million...
Time to strike????
| Ryobi Kiso’s 2Q net profit falls 70% to $3m |
| WRITTEN BY THE EDGE |
| FRIDAY, 28 JANUARY 2011 13:45 |
Ryobi Kiso Holdings, the ground engineering specialist and provider of bored piling and geoservices, today reported a 70.1% y-o-y fall in net profit to $3 million for the second quarter ended 31 December 2010 (2Q11).
Revenue posted was $31.5 million in 2Q11, an increase by $5 million or 18.5% from $26.5 million in 2Q10 largely due to an increase in value of work done for on-going and completed projects; and new piling projects secured. These major private and public sector projects include The Scala, Flamingo Valley, Edusports and HDB Bukit Panjang N4 C14.
But cost of sales increased by $10.5 million or 80.3% to $23.6 million in 2Q11 from $13.1 million in 2Q10 because of higher material and subcontractor costs, diesel and transportation costs and depreciation of machinery and equipment.
As a result, the group reported a $5.6 million or 41.4% decrease in gross profit to $7.9 million in 2Q11 from $13.5 million in 2Q10.
Correspondingly, gross profit margin declined from 50.7% in 2Q10 to 25.1% in 2Q11. If the above write-back of allowance for liquidated damages was not made, gross profit would be $7.5 million in 2Q11 as compared to $8.8 million in 2Q10.
Ryobi Kiso says it expects to remain profitable for the financial year ending 30 June 2011.
ysp3337 ( Date: 06-Jan-2011 14:55) Posted:
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when r u moving??