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PEC

Stock Chart
Last Done 0.575
Change - (-)
Volume 65
Range 0.570 - 0.575

PEC clinches deals worth S$130m; Q4 profit halves to S$3.5m

31 Aug 2019 09:00

By Vivienne Tay

MAINBOARD-LISTED PEC has secured S$130 million worth of new contracts with existing clients, it said on Thursday in a regulatory update.

One of the projects will involve PEC providing mechanical works for a multinational corporation client's expansion of an integrated manufacturing complex in Singapore. Other contracts, also for mechanical works, are for the group's clients in Myanmar and Vietnam.

The group posted a net profit of S$3.5 million for the fourth quarter, down 50 per cent from S$6.9 million a year ago, on the back of revenue contribution from project works and main-tenance services from the higher volume of activities for fiscal 2019.

Earnings per share (EPS) slipped to 1.4 Singapore cents, down from 2.7 cents a year ago. A final dividend of two cents per share has been declared for the year, unchanged from a year ago, with the payout date to be announced at a later time.


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Attachments: Source: Business Times
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