| Latest Forum Topics / Attika Group Last:0.205 -- |
 Post Reply
|
|
Boustead on the move now
|
|
|
Joelton
Supreme |
14-Aug-2026 09:36
|
|
x 0
x 0 Alert Admin |
Attika&rsquo s 1HFY2026 earnings up 11.7% y-o-y to $1.9 mil secures $13.8 mil interior fit-out contracts Attika Group (SGX:53W) has reported net profit attributable to owners of $1.9 million for 1HFY2026, ended June 30, up 11.7% y-o-y. Revenue for the same period was down by 0.7% y-o-y to $19.2 million. The lower revenue was due to the timing of project progress and revenue recognition during 1HFY2026. Gross profit increased 13.3% y-o-y to $4 million while gross profit margin was up by 2.5 percentage points to 20.9% from 18.4% a year ago. The higher margin was driven by improved cost management. Administrative expenses declined marginally by 3.9% y-o-y to $1.7 million, while finance costs saw a drop of 13.5% y-o-y to $217,000, following the early settlement of a bank borrowing back in 2HFY2025. During the period, Attika has secured additional interior fit-out contracts worth $13.8 million, with completion expected by FY2027. Attika expects the contracts to contribute progressively to its financial performance over the next two years. &ldquo We enter the first half of the year with healthy momentum: we have added S$13.8 million of new contracts to our order book, and our recently completed bonus issue has made our shares more accessible to a broader base of investors. We remain committed to disciplined execution and to delivering sustainable value to our shareholders,&rdquo says Steven Tan, executive chairman and managing director of Attika. Shares of Attika closed unchanged at 20.5 cents on Aug 13. |
| Useful To Me Not Useful To Me | |
|
Joelton
Supreme |
09-Nov-2024 11:02
|
|
x 0
x 0 Alert Admin |
Attika Group closes debut trading day with less than 800,000 shares traded
SHARES of Attika Group closed at its peak of S$0.235 on the counter&rsquo s first day of trading, 6.8 per cent above its S$0.22 initial public offering (IPO) price.
This gives the commercial interior decoration and engineering company a market capitalisation of close to S$32 million, higher than the estimated S$29.9 million market cap based on the issue price.
The group had earlier commenced trading on the Catalist board of the Singapore Exchange at S$0.21, lower than its IPO price.
The counter also briefly touched the S$0.235 peak at the market open, on the back of a transaction of 75,100 shares.
On Thursday (Nov 7), the group said it raised around S$4.6 million from its offering of 21 million placement shares that were fully subscribed.
The bulk, or S$1.3 million, of the proceeds raised will go towards funding expansion initiatives.
Attika&rsquo s controlling shareholder is its managing director and executive chair Steven Tan, who holds 136 million of the company&rsquo s shares &ndash an 84.6 per cent stake, after the placement.
The group&rsquo s net profit for the financial year ended December 2023 was 10.1 per cent higher on the year at S$2.3 million. Revenue climbed 8.3 per cent to S$27 million.
The company said that revenue for the first three months of this year reached S$22.1 million.
While Attika does not have a fixed dividend policy, its board of directors intends to distribute dividends of at least 20 per cent of the company&rsquo s profit attributable to equity holders in FY2024 and FY2025.
|
| Useful To Me Not Useful To Me | |