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Hyflux Ltd (HYFL.SI)

HYFL.SI on Stock Exchange of Singapore

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22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Hyflux updates on notice of arbitration filed by Hydrochem
Monday, 11 Sep 2017 05:10am EDT 

Sept 11 (Reuters) - Hyflux Ltd :Refers to announcement regarding notice of arbitration filed by Hydrochem (S).Tribunal has ordered Sepcoiii to pay Hydrochem a net sum of USD16.1 million under interim award.The tribunal will separately determine issue of interest and costs of arbitration.  Full Article

Hyflux posts net loss of S$25.1 mln in second quarter of 2017
Thursday, 3 Aug 2017 05:09am EDT 

Aug 3 (Reuters) - Hyflux Ltd :Reported loss after tax and minority interests (patmi) of S$25.1 million for Q2 of 2017, compared with a profit of S$2.6 million in same period last year.Continued weakness in singapore power market is expected to adversely affect group's performance for rest of 2017 and we expect losses in next two quarters.Excluding tuaspring, revenue for 2Q2017 was S$81.8 million, a decrease from S$231.1 million in same period last year.  Full Article

Hyflux group expects to report a loss for Q2 ended 30 June 2017
Thursday, 20 Jul 2017 05:07am EDT 

July 20 (Reuters) - Hyflux Ltd :Group is expected to report a loss for q2 ended 30 june 2017.Expected result is largely driven by weak Singapore power market.  Full Article

Hyflux Ltd provides update on increase in share capital of unit on Qurayyat Independent Water Project
Monday, 3 Apr 2017 05:08am EDT 

Hyflux Ltd : Qurayyat desalination saoc has increased its share capital as part of its project financing requirements in relation to qurayyat independent water project . Injection is not expected to have any material effect on consolidated eps of group for financial year ending 31 dec 2017 . Following injection of omr8.5 million by hyflux utility (oman) pte ltd, group's investment in qurayyat was increased from omr1.3 million to omr9.7 million .Qurayyat desalination increased share capital from omr1.5mln to omr11.5 million through issue of about 10 million shares at omr1 per share for cash.  Full Article

Hyflux to develop three desalination plants in Saudi Arabia
Friday, 24 Feb 2017 04:57am EST 

: Pdf 1: Hyflux Ltd (Hyflux Received Letter Of Award To Develop Three Desalination Plants In The Kingdom Of Saudi Arabia) .Projects are expected to have a material financial impact to group for financial year ending 31 December 2017.  Full Article

Hyflux says FY PATMI declined 91pct to S$4.8 million
Thursday, 23 Feb 2017 04:20am EST 

Hyflux Ltd : PATMI for full year ended 31 december 2016 declined 91% to s$4.8 million . Reported revenue of S$987.0 million in 2016, compared with s$445.2 million in 2015 . Board of directors has proposed a final dividend of 0.25 singapore cents per ordinary share . "2017 is expected to be another challenging year" ."Will be seeking partial divestment of Tuaspring plant".  Full Article

Hyflux Ltd signs MOU with Saline Water Conversion Corporation
Monday, 13 Feb 2017 04:05am EST 

Hyflux Ltd : Signs MOU to develop three desalination plants in the kingdom Of Saudi Arabia . Desalination plants, valued at a combined estimate of SAR 687 million . Signed a memorandum of understanding with state-owned Saline Water Conversion Corporation .Projects are expected to have a material financial impact on HYFLUX pending finalisation of contracts.  Full Article

Hyflux Ltd updates on investments in advanced manufacturing, expansion of Elo business line
Monday, 6 Feb 2017 11:04pm EST 

Hyflux Ltd : Significant Investments In Advanced Mfg, Tech Commercialisation & Expansion Of New Elo Biz Line . Hyflux invested over s$30 million in a new fully-integrated and automated steel structure fabrication processing line at its tuas manufacturing plant . "Investment in robotics and automation will enhance operational productivity by about 25 per cent" . Hyflux is launching its flagship Elo Lab in Central Singapore .Signed a memorandum of understanding with Nanyang Technological University's (Ntu Singapore) Nanyang Environment and Water Research Institute.  Full Article

Hyflux says General Authority for Suez Canal Economic Zone requests change in contract awarded
Monday, 9 Jan 2017 04:51am EST 

Hyflux Ltd : General Authority for Suez Canal Economic Zone requested co to develop Ain Sokhna Iwpp under BOT/BOO structure instead of initial EPC contract awarded .Change in contract not expected to have a material financial impact on hyflux for financial year ending 31 december 2017.  Full Article

Hyflux says group remains cautious on business outlook in near term
Thursday, 3 Nov 2016 05:29am EDT 

Hyflux Ltd : "Group remains cautious on business outlook in near term" . Power market in Singapore continues to face strong headwinds . Elo new consumer line of business is not expected to contribute to group's financial performance in 2016 . Remains optimistic about potential of ELO consumer business and plans to expand ELO business beyond Singapore in near future .Profits generated from higher construction activities in 2016 would be offset by weak Singapore power market and electricity prices in near-term.  Full Article