Source: Singapore Exchange
Type: Announcements of Earnings
From: 14/Aug/2017

Metal Component Engineering Limited announced unaudited group earnings results for the half year ended June 30, 2017. For the period, the company's revenue was SGD 25.7 million compared with SGD 20.1 million a year ago. Loss before taxation from continuing operations was SGD 0.85 million compared with SGD 0.48 million a year ago. Loss from continuing operations was SGD 0.85 million compared with SGD 0.41 million a year ago. Loss for the period attributable to owners of the company was SGD 5.3 million or 1.41 cents per diluted share compared with SGD 1.8 million or 0.49 cents per diluted share a year ago. Net cash generated from operating activities was SGD 1.3 million compared with net cash used in operating activities of SGD 1.0 million a year ago. Purchase of property, plant and equipment was SGD 0.48 million compared with SGD 0.54 million a year ago. As on June 30, 2017, the company's net asset value per ordinary share was 4.78 cents.

Source: Singapore Exchange
Type: Earnings Release Date
From: 04/Aug/2017

Metal Component Engineering Limited announced that they will report first half, 2017 results on Aug 14, 2017

Source: Singapore Exchange
Type: Corporate Guidance - New/Confirmed
From: 04/Aug/2017

Metal Component Engineering Limited provided group earnings guidance for the half year ended June 30, 2017. The group expects to report a net loss after tax for half year of 2017. It was primarily due to one-time costs incurred pursuant to the closure of two of its operations in China, namely a nickel plating line in Suzhou and a manufacturing plant in Qing Pu, Shanghai, as part of the Group's consolidation and cost saving efforts to better manage its resources.

Source: Singapore Exchange
Type: Annual General Meeting
From: 13/Apr/2017

Metal Component Engineering Limited, Annual General Meeting, Apr 28, 2017, at 09:00 Singapore Standard Time. Location: 10 Ang Mo Kio Street 65 Techpoint #04-02 Singapore Singapore Agenda: To receive and adopt the directors' statement and the audited financial statements for the financial year ended 31 December 2016 together with the auditors' report thereon; to consider re-election of directors; to approve the payment of directors' fees of SGD 110,000 for the financial year ending 31 December 2017 to be paid quarterly in arrears at the end of each calendar quarter; to re-appoint Foo Kon Tan LLP, as the company's auditors and to authorise the directors to fix their remuneration; to transact any other ordinary business which may properly be transacted at an AGM; and to consider other special resolutions.

Source: Singapore Exchange
Type: Announcements of Earnings
From: 01/Mar/2017

Metal Component Engineering Limited reported unaudited consolidated earnings results for the year ended December 31, 2016. For the period, revenue was SGD 53,037,000 against SGD 52,205,000 a year ago. Loss before taxation was SGD 1,590,000 against profit before taxation of SGD 1,319,000 a year ago. Loss attributable to owners of the company was SGD 3,001,000 or 0.80 cents per diluted share against profit attributable to owners of the company of SGD 534,000 or 0.13 cents per diluted share a year ago. Net cash generated from operating activities was SGD 1,499,000 against SGD 7,169,000 a year ago. Additions of intangible assets were SGD 115,000 against SGD 1,978,000 a year ago. Purchase of property, plant and equipment were SGD 1,209,000 against SGD 1,648,000 a year ago.

Source: Singapore Exchange
Type: Corporate Guidance - New/Confirmed
From: 07/Feb/2017

The board of directors of Metal Component Engineering Limited (the "company", and together with its subsidiaries, the "Group") announced that, following a preliminary review of the Group's unaudited consolidated financial results for the financial year ended 31 December 2016, the Group is expected to report a net loss for the year ended 31 December 2016. This was mainly due to costs incurred in connection with the Group's exit from the Hard Disc Drive components (HDD) business segment, as part of its business strategy to exit this increasingly competitive business which generated reducing margins amidst high capital expenditure and operating costs.

Source: Singapore Exchange
Type: Executive/Board Changes - Other
From: 28/Oct/2016

The board of directors (the “Board”) of Metal Component Engineering Limited (the “Company”, and together with its subsidiaries, the “Group”) wishes to announce the resignation of Mr Chua Han Min (“Mr Chua”) as the Executive Director of the Company. Mr Chua has resigned to pursue other personal interests and his last day of service with the Company will be on 2 May 2017. Consequent to Mr Chua’s resignation, he will also cease to be the Deputy Chief Executive Officer (“CEO”) and a member of the Executive Committee of the Company. As part of the Group’s internal restructuring and to maintain an operationally lean management team, the Company currently does not have an immediate plan to put in place a replacement for Mr Chua as the Deputy CEO. The existing roles and responsibilities of the Deputy CEO will be undertaken by the Chairman and CEO of the Company, Mr Chua Kheng Choon, together with the Group’s key managers. The Board wishes to express its appreciation to Mr Chua for his valuable contributions to the Company during his tenure and wish him well in his future endeavours. The particulars of Mr Chua pursuant to the requirements of Rule 704(6) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist will be set out in the cessation template announcement.

Source: Singapore Exchange
Type: Executive/Board Changes - Other
From: 14/Sep/2016

The Board of Directors of Metal Component Engineering Limited announced that Mr. Tan Soo Yong has tendered his resignation as an Executive Director of the company. Mr. Tan has resigned to pursue other personal interests and his last day of service with the company will be March 15, 2017. Consequent to Mr. Tan's resignation, he will also cease to be a member of Executive Committee, IPBU Director and General Manager of Qingpu, Shanghai operations. During his notice period, Mr. Tan will provide support to his future successor to ensure a smooth handover of responsibilities for the Industrial Product business unit ("IPBU") that operates out of Qingpu, Shanghai.

Source: Singapore Exchange
Type: Announcements of Earnings
From: 13/Aug/2016

Metal Component Engineering Limited announced unaudited group earnings results for the six months ended June 30, 2016. For the six months, the company reported revenue of SGD 26,643,000 against SGD 25,495,000 a year ago. Loss before taxation from continuing operations was SGD 646,000 against profit before taxation from continuing operations of SGD 344,000 a year ago. Loss from continuing operations was SGD 637,000 against profit from continuing operations of SGD 339,000 a year ago. Loss for the period attributable to owners of the company was SGD 1,820,000 or 0.49 cents diluted per share against profit for the period attributable to owners of the company of SGD 475,000 or 0.12 cents diluted per share a year ago. Net cash used in operating activities was SGD 1,002,000 against net cash generated from operating activities of SGD 3,742,000 a year ago. Additions of intangible assets were SGD 112,000 against SGD 969,000 a year ago. Purchase of property, plant and equipment was SGD 543,000 against SGD 954,000 a year ago. The group recorded a loss after tax from the continuing operations against profit after tax from the continuing operations a year ago, was mainly due to the start-up of the digital textile printer business and foreign exchange loss. Overall, the group recorded a loss after tax as compared to a profit after tax a year ago, mainly due to (a) the cessation of the HDD business, (b) foreign exchange loss, (c) start-up of a new business segment in the digital textile printer business.

Source: Singapore Exchange
Type: Corporate Guidance - New/Confirmed
From: 29/Jul/2016

Metal Component Engineering Limited provided earnings guidance for the half year ended June 30, 2016. For the period, the company is expected to report a net loss. This was mainly due to a decrease in sales revenue resulting from the closure of the Hard Disk Components business with one of the group's major customers causing high under-utilization of capacity.

Source: Singapore Exchange
Type: Executive/Board Changes - Other
From: 12/May/2016

The board of directors of Metal Component Engineering Limited announced the appointment of Mr. Koh Gim Hoe as an Independent non-executive director of the company with effect from 11 May 2016. Mr. Koh will also be appointed as Chairman of the Remuneration Committee and a member of the Audit Committee and the Nominating Committee.

Source: Singapore Exchange
Type: Executive/Board Changes - Other
From: 06/May/2016

Metal Component Engineering Limited announced the cessation of Lim Swee Kwang as Independent Non-Executive Director with effective May 6, 2016.

Source: Singapore Exchange
Type: Announcements of Earnings
From: 12/Apr/2016

Metal Component Engineering Limited reported consolidated earnings results for the year ended December 31, 2015. For the period, revenue was SGD 71,397,306 against SGD 69,069,043 a year ago. Profit before taxation was SGD 576,280 against loss before taxation of SGD 2,760,751 a year ago. Profit for the year attributable to owners of the company was SGD 534,438 against loss for the year attributable to owners of the company of SGD 2,833,036 a year ago. Net cash generated from operating activities was SGD 7,170,224 against net cash used in operating activities of SGD 242,652 a year ago. Additions of intangible assets SGD 1,977,806.

Source: Singapore Exchange
Type: Annual General Meeting
From: 12/Apr/2016

Metal Component Engineering Limited, Annual General Meeting, Apr 28, 2016, at 09:00 Singapore Standard Time. Location: 10 Ang Mo Kio Street 65, Techpoint #04-02, Singapore 569059 Singapore Agenda: To receive and adopt the Directors Statement and the Audited Financial Statements of the Company for the financial year ended December 2015 together with the Auditors Report thereon; to re-elect directors; to re-appoint Foo Kon Tan LLP, as the Company's Auditors and to authorize the Directors to fix their remuneration; to approve the payment of Directors fees of SGD 110,000 for the financial year ending 31 December 2016; and to transact any other ordinary business which may properly be transacted at an Annual General Meeting.

Source: Singapore Exchange
Type: Announcements of Earnings
From: 24/Feb/2016

Metal Component Engineering Limited reported unaudited consolidated earnings results for the year ended December 31, 2015. For the period, the company reported revenue of SGD 71,397,000 against SGD 69,069,000 a year ago. Profit before taxation was SGD 576,000 against loss before taxation of SGD 2,761,000 a year ago. Profit for the year attributable to owners of the company was SGD 534,000 or 0.13 cents per diluted share against loss for the year attributable to owners of the company of SGD 2,833,000 or 0.77 cents per diluted share a year ago. Net cash generated from operating activities was SGD 7,169,000 against net cash used in operating activities of SGD 243,000 a year ago. Purchase of property, plant and equipment was SGD 1,648,000 against SGD 1,044,000 a year ago. Addition of intangible assets was SGD 1,978,000. The increase in Group revenue was mainly due to the increase in Mechanical Integration (MI) businesses by 46.4%, partially offset by decrease in revenue in the Hard Disk Drive Components (HDD) and Precision Components (PC) business by 14.2% and 2.2% respectively. The Group's profit after tax was mainly due to the increase in sales and a shift of business focus towards the MI business, which mitigated the adverse impact of the declining HDD business on the Group's profitability.