Newly Listed Rokko reports double digit growth in revenue and profit
Recommends dividend of one cent per ordinary share
Rokko Holdings Ltd. (洛科集团有限公司) (“Rokko”), which was listed on SGX-ST Sesdaq in October 2007 has reported better financial performance for FY2007 compared to the year before. For the financial year ended 31 December 2007, its revenue grew 11.1% to approximately S$33.3 million while gross profit jumped 17.8% to about S$13 million compared to the previous year. Profit after tax for FY2007 was about S$5.1 million, an 11.7% increase from that of FY2006. Overall gross profit margin improved from 36.8% in FY2006 to 39.1% in FY2007. The board of directors is recommending a one-tier (tax exempt) first and final dividend of one cent per ordinary share, totaling S$1.5 million which is approximately 30% of Rokko’s net profit for FY2007.
Much of the increase in revenue was driven by the Equipment division which grew by 20.6% and contributed 68.7% of FY2007 total revenue. Revenue from the Stamping division grew by 8.1% while that of the Tooling division fell by 13.5% as much of its capacity was utilised to support both the Equipment and Stamping divisions.
“We are pleased with our growth for FY2007 and are happy to be declaring a dividend in the first year after being listed”, said Mr Gary Lim (林仲振), Group Managing Director, Rokko Holdings Ltd.
Going forward, Rokko will continue to capitalise on its research and development capabilities to deliver innovative products to its customers in a timely manner. In FY2007, Rokko has successfully entered the competitive Taiwan market. This year, it will further develop the overseas market, particularly China, where it will be setting up a marketing office.
“Barring unforeseen circumstances, the board of directors is optimistic about the year ahead and we will strive to further improve our financial performance this year”, continued Mr Gary Lim (林仲振).
About Rokko Holdings Ltd.
Established in 1994, Rokko and its subsidiaries (“Group”) are a precision engineering group that provides automated equipment and precision engineering services to customers in the semiconductor and electronics industries. Rokko was listed on the SGX-ST Sesdaq in October 2007. Rokko’s manufacturing facilities are located in Singapore and Malaysia and it has a presence in Indonesia. Its business is divided into three segments – Equipment, Tooling, and Stamping.
The Equipment division designs, develops and manufactures customised automated equipment specific to customer requirements under the Rokko and Finix brands. The Tooling division designs, develops and manufactures precision tools used in the front and back end semiconductor manufacturing processes. The Stamping division provides connector stamping services to manufacturers in the electronics industry.
Going forward, the Group will be expanding its production capacity for the Stamping and Tooling divisions so as to better service its customers and also to support the growth in the Equipment division. It will continue to put emphasis on research and development and look into opportunities for acquisitions and strategic alliances to propel its further growth.
Rokko’s customers include established worldwide names such as Texas Instruments group of companies, United Test and Assembly Center Ltd and Formosa Advanced Technologies Co., Ltd. It has over 190 employees in Singapore and Malaysia.
Please visit www.rokkogroup.com for more information about Rokko Holdings Ltd.
The initial public offering of the Company was sponsored by China Construction Bank Corporate, Singapore Branch.
For more information, please contact:
Rebekah Goh, NRA Capital
Tel: 6236 6895 / 9780 5498 email: firstname.lastname@example.org