Sapphire has successfully transformed itself into an infrastructure & mining company.
Infrastructure:
Sapphire has completed the acquisition of Ranken Infrastructure, China's second largest privately owned rail transit infrastructure construction group.
Since then, Ranken has won four urban rail transit infrastructure contracts in China totalling RMB$1.3 billion or S$282 million. In the latest 1QFY2016, sapphire announced that it has a book order of RMB$2.75 billion to be completed over the next 3 FY.
Management has guided that Sapphire has plans to double its production capacity and will tender for more projects.
Sapphire has shown a profit of S$2million in FY2016, with an increase in revenue, sapphire should be witnessing an increase in profit.
Infrastructure:
Sapphire has completed the acquisition of Ranken Infrastructure, China's second largest privately owned rail transit infrastructure construction group.
Since then, Ranken has won four urban rail transit infrastructure contracts in China totalling RMB$1.3 billion or S$282 million. In the latest 1QFY2016, sapphire announced that it has a book order of RMB$2.75 billion to be completed over the next 3 FY.
Management has guided that Sapphire has plans to double its production capacity and will tender for more projects.
Sapphire has shown a profit of S$2million in FY2016, with an increase in revenue, sapphire should be witnessing an increase in profit.
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