Established in 1993 and headquartered in Singapore, Jubilee Industries Holdings (SGX: 5OS), is a provider of precision plastic injection mould design and fabrication services, and precision plastic injection moulding and value added services. Shares of the firm have fallen by 7.4% so far for the week, closing at S$0.113 on Thursday.
At the end of February this year, Jubilee released its full year results for 2013. It announced that its revenue had decreased by around S$14.5 million, or 36.4% year-on-year, to S$25.3 million. The decline was mainly due to a 47.7% decline in sales in the precision injection moulding segment. With unfavourable currency swings affecting its bottom-line, the firm plunged deeper into the red; it saw a net loss of S$5.3 million as compared to S$1.8 million in the previous year.
Continuing on its results for 2013, the company gave out a notice yesterday for the location and date of its Annual General Meeting. Broadway’s AGM will be held at Sapphire 2, Orchid Lodge Level 2, Orchid Country Club, 1 Orchid Club, Singapore 769162 on 28 April 2014 at 9.30 a.m.
AGMs give shareholders a rare opportunity to talk to the captains of the company and understand the direction the firm will be steered toward in the upcoming year.
Shares at Jubilee are currently trading at a historical price-to-book ratio of 0.8.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.