Lee Metal Group

Lee Metal reports 32% rise in 1Q earnings to $2.9 mil on lower contribution from property business
SINGAPORE (May 14): Lee Metal Group reported a 32% rise to 1Q18 earnings ended March to $2.9 million from $2.2 million a year ago. For 1Q18, group turnover increased 23.4% to $100.4 million from $81.4 million in the corresponding quarter last year. The higher turnover was attributable to Property Development and Investment business which contributed $21 million, but partially offset by ...
BRC Asia offers 42 cents per share for all Lee Metal shares
SINGAPORE (Feb 21): BRC Asia is making a voluntary conditional cash offer of 42 cents a share for all the issued shares in Lee Metal Group. The offer price represents a 2.4% premium over Lee Metal’s last traded price of 41 cents on Tuesday. It is also a 32.9% premium above the volume weighted average price (VWAP) for the 12-month period prior to Lee Metal’s last undisturbed trading day ...
Lee Metal posts 40.5% drop in 4Q earnings to $2 mil on higher costs of manufacturing
SINGAPORE (Feb 20): Lee Metal Group reported a 40.5% decline in earnings to $2.0 million for the 4Q ended December, from $3.4 million a year ago. This brought full-year earnings to $7.5 million for FY17, down 43.6% from $13.3 million a year ago. The lower earnings was mainly due to changes in inventories of finished goods and work-in-progress, which rose 24.7% to $79.7 million in ...
Lee Metal posts 53% drop in 3Q earnings to $1.9 mil
SINGAPORE (Nov 10): Lee Metal Group saw its earnings halved to $1.9 million in the 3Q ended September, falling 53% from $4.0 million a year ago. Revenue dipped marginally by 1.5% to $86.4 million in 3Q17, from $87.7 million a year ago. The lower turnover was largely attributable to the winding down of its steel merchandising business in December last year. Rental and utilities expenses ...
Lee Metal 1Q earnings up 13% to $2.2 mil
SINGAPORE (May 8): Lee Metal Group posted earnings of $2.2 million for the first quarter ended March, a 12.8% increase from $1.9 million a year ago. Revenue in 1Q grew 6.3% to $81.4 million, from $76.5 million in the corresponding period last year. Following the winding down of Lee Metal’s Steel Merchandising business, the higher turnover was attributable solely to its Fabrication & ...
Lee Metal’s 2Q earnings down 7.4% to $4 mil
SINGAPORE (Aug 8): Lee Metal Group’s earnings slipped 7.4% to $4.0 million in the second quarter ended 30 June 2016, from $4.3 million in the same period last year. Revenue for the quarter fell 40.6% to $72.7 million, down from $122.5 million in 2Q15. Lee Metal says in an SGX filing on Monday that the lower turnover was mainly due its Fabrication & Manufacturing, and Steel ...