Based on the provided document, I can offer the following analysis, but I must note that the information is limited and does not provide a comprehensive view of the company’s financial situation. Here’s what I can infer:
Financial Analysis: International Cement Group Ltd. (FY2024)
Key Facts and Investor Action Points
- The report is dated 4 April 2025 and covers the financial year ended 31 December 2024.
- Net profit for the year remained unchanged at S\$2,536,000, but there was a significant variance in how it was reported between unaudited and audited statements.
- The company experienced a 42% decrease in profit from continuing operations, from S\$4,371,000 (unaudited) to S\$2,536,000 (audited).
Business Description
The document does not provide a clear business description. However, given the company name “International Cement Group Ltd.”, we can infer that it likely operates in the cement industry with international operations. The report mentions subsidiaries in Malaysia, indicating a presence in Southeast Asia.
Financial Statement Analysis
Income Statement
- Revenue: S\$263,542,000
- Gross Profit: S\$91,444,000
- Profit before tax: S\$16,587,000
- Net Profit: S\$2,536,000
The company experienced a slight decrease in revenue and gross profit compared to unaudited figures. The most significant variance was in profit from continuing operations, which decreased by 42%.
Balance Sheet
The report provides limited balance sheet information, focusing on equity components:
- Share capital: S\$276,824,000
- Capital reserve: (S\$14,708,000)
- Currency translation reserve: (S\$42,547,000)
- Accumulated profits: S\$17,977,000
- Total equity attributable to owners: S\$237,546,000
Cash Flow Statement
- Net cash from operating activities: S\$64,733,000
- Net cash used in investing activities: (S\$48,616,000)
- Net cash used in financing activities: (S\$16,771,000)
- Net decrease in cash and cash equivalents: (S\$654,000)
Special Activities
The company disposed of its subsidiaries in Malaysia during the financial year, which was initially classified as ‘discontinued operations’ but later reclassified.
Investment Recommendation
For current shareholders: Consider holding the position but monitor closely. The company’s profit remained stable, but the reclassification of Malaysian operations and the decrease in profit from continuing operations warrant caution.
For potential investors: Exercise caution before investing. The limited information and the significant variances between unaudited and audited statements suggest potential volatility or uncertainty in the company’s operations.
Disclaimer: This recommendation is based solely on the limited information provided in the given document. It does not constitute professional financial advice. Investors should conduct thorough research and consult with financial advisors before making investment decisions.
View Intl Cement Historical chart here
