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Public company info - Hon Corporation Limited , 08259.HK
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Hon Corporation Limited, 08259.HK - Company Profile
Chairman Toh Hock Ghim
Share Issued (share) 691,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Construction & Decoration
Corporate Profile Business Summary: The Group is principally engaged in the building construction, engineer and construct project management service. Performance for the year: Revenue decreased by approximately 27.8% to approximately S$68.2 million for the year ended 31 December 2019 from approximately S$94.4 million for the year ended 31 December 2018. Loss attributable to equity holders of the Company for the year ended 31 December 2019 amounted to approximately S$5.7 million, representing a decrease of approximately S$6.9 million from profit attributable to equity holders of the Company for the year ended 31 December 2018 of approximately S$1.2 million. Loss per share for the year ended 31 December 2019 was approximately S$0.01. Business Review The core business and revenue structure of the Group has remained unchanged for the year ended 31 December 2019. The Group’s operations are located in Singapore and the Group’s revenue from operations are solely derived from services rendered within Singapore. The Group is actively involved as a main contractor in both private and public sector projects which include institutional, industrial, commercial and residential projects. The revenue was principally derived from project works for the Group’s (i) building and infrastructure projects; (ii) interior decoration projects; and (iii) term contracts. The Group’s business strategies remained unchanged. For the year ended 31 December 2019, the management has continuously consolidated and strengthened the reputation of the Group through submission of tender invitations to keep the Group’s presence in the market. Leveraging on the Group’s listing status, the Group’s core business continued to gain good reputation and provided the Group with sound track record for the Group’s potential business opportunities. However, given the extremely competitive nature of the construction industry in Singapore, profit margins have been negatively impacted. Prospects: Looking forward, the Group will continue to focus on strengthening its market position in the building and construction industry in Singapore through the business connection and experience of Mr. Toh Hock Ghim as the newly appointed chairman of the Board in January 2020. In addition, the Group will leverage on the Group’s capability and track record in the building and construction industry for tendering new projects. In the year ahead, the Group will also remain vigilant in the Group’s cost and project management measures. Despite the unfavourable construction market conditions in Singapore, the Board expects that the Group is well-positioned for the challenges and competition ahead.

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