News and Announcements
AsiaPhos Continues on Growth Track with Revenue Up 51% in 4Q2015
- Published February 16, 2016 11:49AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
15th February 2016, August Consulting
- Declare final dividend of 0.1 cent per ordinary share for FY2015
- Gross profit rose 23% while net profit declined due to a non-recurring accounting gain in 4Q2014 relating to the acquisition of LY Resources Pte Ltd
Summary of Financial Results For the Period Ended 31 December:
| S$’000 | 4Q2015 | 4Q2014 | +/(-) % | FY2015 | FY2014 | +/(-)% |
| Revenue | 16,839 | 11,125 | 51 | 44,505 | 23,822 | 87 |
| – Upstream | 5,837 | 5,996 | (3) | 17,957 | 12,731 | 41 |
| – Downstream | 11,002 | 5,129 | 115 | 26,548 | 11,091 | 139 |
| Gross Profit | 3,190 | 2,585 | 23 | 8,487 | 4,684 | 81 |
| Other income | 4,863 | 20,834 | (77) | 6,378 | 21,781 | (71) |
| Profit before tax | 4,760 | 20,747 | (77) | 3,027 | 19,484 | (84) |
| Net attributable profit | 4,309 | 20,761 | (79) | 2,209 | 19,498 | (89) |
SINGAPORE – 15 February 2016 – AsiaPhos Limited (“AsiaPhos” and together with its subsidiaries, the “Group”), a Singapore-headquartered mineral resources company focused on exploring and mining phosphate with a vertically-integrated business model, reported a 51% year-on-year (“y-o-y”) growth in revenue to S$16.8 million for the quarter ended 31 December 2015 (“4Q2015”), driven by strong contribution from its downstream segment.
Downstream revenue in 4Q2015 more than doubled to S$11.0 million, from S$5.1 million in the same period last year (“4Q2014”), mainly from the sale of P4 and its by-products. Revenue from P4 and its by-products amounted to S$10.8 million, or 99% of downstream revenue, in 4Q2015 on the back of 4,600 tonnes of P4 sold. In 4Q2014, only 1,800 tonnes were sold which generated revenue of S$5.1 million.
To read the full press release, please click here.
To view the SGX Announcement, please click here.
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