2015年第一季度，爱文思业绩达到2010万美金
本帖最后由 red 于 2015-7-22 21:25 编辑Advanced achieves revenue of $20.1 million in 1Q2015 2015年第一季度，爱文思业绩达到2010万美金
[*]Disposal of non-core water treatment business approved by Shareholders on 13 May 2015
[*]Maintains a healthy order book of $91 million as at 31 March 2015
[*]A healthy cash reserves of $18 million
SINGAPORE – 14 May 2015 – Advanced Holdings Ltd. (“Advanced” or the “Group”), a global supplier
of proprietary process equipment, clean energy solutions and related technologies, today reported
a revenue of $20.1 million from continuing operations for the three months ended 31 March 2015
(“1Q2015”).
The Group remained profitable at the baseline, with a net profit attributable to owners of the
Company of $0.1 million from both its continuing and discontinued operations, the latter of which
comprises its water treatment business in China.
Faced with a challenging operating environment and intensified competition, the Group recorded a
net loss of S$0.3 million from its continuing operations.
The disposal of the water treatment business was approved by Shareholders at an Extraordinary
General Meeting on 13 May 2015. With completion of the transaction expected by June 2015, the
Group believes its exit from the water treatment business will allow it to maximize returns to
shareholders as well as re-strategize its financial and capital resources.
Based on this set of results, the Group posted an Earnings Per Share (“EPS”) of 0.04 cents in 1Q2015
compared to an EPS of 0.2 cents in 1Q2014. The Group recorded an improved Net Asset Value
(“NAV”) per share of 23.99 cents as at 31 March 2015, compared to 23.52 cents as at 31 December
2014.
Outlook
The Group expects business and operating conditions to remain challenging in 2015 and will continue
to face downward pressure on its operating margins. Given the weakness in oil prices, China oil
majors and international oil companies are tightening their budgets and cutting back on capital and
maintenance expenditure. Coupled with this, competition in the market is likely to be stiffer with
customers taking a longer time to make a decision on buying while some projects may be postponed
or cancelled. In addition, the volatility of the US Dollar and Euro has increased uncertainty in this
region while the recent increase in SIBOR has raised the costs of financing.
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