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Land Systems: Results for The Year Ended 31 December 2016

Details on how the business of the Sector is managed and its related performance are set out below. This information is given on a voluntary basis and from the perspective of the Sector management, as its disclosure is not required by law or regulation.

Land Systems
“FY2016 profits impacted by JHK impairment and closure costs”

FINANCIAL HIGHLIGHTS for the year ended 31 December 2016

   2016
2015
Growth %
Revenue ($m)
1,312
1,401
(6)
Earnings before interest and tax (EBIT) ($m)
(11.2)
47.2
(124)
Other income, net ($m)
23.4
11.6
102
Finance income, net ($m)
(4.9)
(10.4)
52
Profit before tax (PBT) ($m)
22.2
65.0
(66)
Profit attributable to shareholders ($m)
12.7
55.7
(77)
Economic value added (EVA) ($m)
(53.1)
10.7
<-500

 

Land Systems FY2016 Audited Results

“FY2016 revenue was lower compared to FY2015 due to divestment of GJK. Lower PBT in FY2016 was mainly due to JHK impairment and closure cost. In 2017, we will pursue key programmes and continue to strengthen our engineering capability. We will continue to penetrate new markets through partnerships, pursue new customers and venture into new growth areas." - Ravinder Singh, President

N.B.: All currencies are in Singapore dollars.

 

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