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SIA Engineering Result as at 31 Mar 2021
2H
Rev $220m (vs 481m)
GP $2m (vs 30m)
NP $7m (vs 103m)
FY
Rev $443m (vs 994m)
GP -$25m (vs 67m)
NP -19m (vs 190m)
Div NIL (vs 8cents)
The Board will not be recommending a dividend for FY2020-21. COVID-19 has adversely impacted the Group’s financial results. The Board has taken into consideration the losses incurred, the imperative to sustain the business through the continuing uncertainties, and the need to retain financial flexibility to pursue business opportunities.
Initiatives under Phase 2 of our Transformation programme to enhance our competitiveness in the postCOVID-19 landscape have gained traction. The adoption of Lean methodology to optimise certain operational processes has achieved double-digit improvements in productivity in the pilot phase.
Employees are being equipped with Lean skillsets to lead more Lean projects across the organisation as part of transformation efforts. Planned investments over the next three years in digitalisation and automation, and the development of new technology-enabled products and services, will also enhance efficiency and create value for customers.
https://links.sgx.com/FileOpen/FY20-21%2...eID=664977
Stay home and stay safe, everyone.
2H
Rev $220m (vs 481m)
GP $2m (vs 30m)
NP $7m (vs 103m)
FY
Rev $443m (vs 994m)
GP -$25m (vs 67m)
NP -19m (vs 190m)
Div NIL (vs 8cents)
The Board will not be recommending a dividend for FY2020-21. COVID-19 has adversely impacted the Group’s financial results. The Board has taken into consideration the losses incurred, the imperative to sustain the business through the continuing uncertainties, and the need to retain financial flexibility to pursue business opportunities.
Initiatives under Phase 2 of our Transformation programme to enhance our competitiveness in the postCOVID-19 landscape have gained traction. The adoption of Lean methodology to optimise certain operational processes has achieved double-digit improvements in productivity in the pilot phase.
Employees are being equipped with Lean skillsets to lead more Lean projects across the organisation as part of transformation efforts. Planned investments over the next three years in digitalisation and automation, and the development of new technology-enabled products and services, will also enhance efficiency and create value for customers.
https://links.sgx.com/FileOpen/FY20-21%2...eID=664977
Stay home and stay safe, everyone.