Midas Announces International and PRC Metro Contract Wins Worth over RMB221.8 Million[1]
-- Secures contracts to supply aluminium alloy extrusion profiles and certain fabricated parts to two major train projects in Europe worth EUR17.7 million -- Wins contracts to supply aluminium alloy extrusion profiles and certain fabricated parts to major PRC metro projects worth RMB75.9 ...
Midas Reports Net Profit of RMB14.9 Million for 2Q2013
SINGAPORE and HONG KONG, Aug. 15, 2013 /PRNewswire/ -- -- Revenue up 29.2% to RMB284.0 million on higher contributions from the Aluminium Alloy Extruded Products Division -- Proposes interim dividend of 0.25 Singapore cent per ordinary share Financial Highlights (RMB' mil) ...
Midas Wins RMB44.3 Million Metro Contract from CNR Changchun
-- To supply aluminium alloy extrusion profiles for 264 train cars to Changchun Metro Lines 1 and 2 -- For delivery from 2013 to 2015 SINGAPORE and HONG KONG, July 3, 2013 /PRNewswire/ -- Midas Holdings Limited( http://www.midas.com.sg ) ("Midas" or the "Company", together with its subsidiar...
Midas' JV Company NPRT Wins RMB420 Million Train Contract
- NPRT to supply 56 train cars to Shenzhen Metro Line 4 - Lifts value of NPRT's year-to-date contract wins to over RMB1.4 billion SINGAPORE and HONG KONG, May 29, 2013 /PRNewswire/ -- Midas Holdings Limited ("Midas" or the "Company", together with its subsidiaries, the "Group"; SGX-ST stock co...
Midas Reports 1Q2013 Revenue of RMB202.4 Million
SINGAPORE and HONG KONG, May 14, 2013 /PRNewswire/ -- -- Share of loss from NPRT and higher expenses result in net loss of RMB4.9 million -- Remains positive on the outlook for the PRC railway industry in 2013 -- Continue to actively seek opportunities in export mar...
Midas Wins Five Metro Contracts worth RMB109.6 Million
-- For the supply of aluminium alloy extrusion and fabricated parts to five PRC metro projects SINGAPORE and HONG KONG, March 12, 2013 /PRNewswire/ -- Midas Holdings Limited (http://www.midas.com.sg ) ("Midas" or the "Company", together with its subsidiaries, the "Group"; SGX-ST stock code:...
Midas Reports Net Proft of RMB27.8 Million on Revenue of RMB869.5 Million in FY2012
-- Proposes final cash dividend of 0.25 Singapore cents per ordinary share SINGAPORE and HONG KONG, Feb. 27, 2013 /PRNewswire/ -- Financial Highlights (RMB' mil) FY2012 FY2011 Change % Revenue 869.5 1,080.7 (19.5) Gross profit...
Midas' JV Company Nanjing SR Puzhen Rail Transport Secures RMB710 Million Metro Contract
-- Contract to supply 104 train cars for the Ningtian Intercity Line Phase 1 -- Value of year-to-date contract wins by NPRT valued at over RMB 1 billion SINGAPORE and HONG KONG, Feb. 6, 2013 /PRNewswire/ -- Midas Holdings Limited( http://www.midas.com.sg ) ("Midas" or the "Company", toge...
Midas Reports 3Q2012 Revenue of RMB202.7 Million
-- Lower revenue, higher operating expenses and finance costs, coupled with share of loss from associated company, result in Group quarterly net loss in 3Q2012 -- Upward budget revision by the PRC government to further improve railway infrastructure under China's "Twelfth Five-Year Plan" ex...
Midas Wins Most Transparent Company Award 2012
-- Selected as winner in the Chemical & Resources Category at the SIAS 13th Investors' Choice Awards SINGAPORE and HONG KONG, Oct. 3, 2012 /PRNewswire/ -- Midas Holdings Limited ("Midas" or the "Company", together with its subsidiaries, the "Group"; SGX-ST stock code: 5EN; SEHK stock...
Midas Strengthens Its Foothold in China's Power Industry with RMB123.4 Million New Contracts
-- Secures two contracts from leading PRC power industry players -- Signs Strategic Cooperation Agreement with Xi'an Switchgear Electric as preferred supplier SINGAPORE and HONG KONG, Sept. 5, 2012 /PRNewswire/ -- Midas Holdings Limited ("Midas" or the "Company", together with ...
Midas' JV Company Nanjing SR Puzhen Rail Transport & Consortium Partners Secure RMB588 Million Intercity Rail Project
-- For the supply of 90 train cars to the Nanjing-Gaochun Intercity Rail Project -- NPRT owns an estimated 76% share of the contract -- Latest contract win brings NPRT's total year-to-date contract wins to five contracts with a total worth of more than RMB3...
Midas Posts Second Quarter Net Profit of RMB1.6 Million
-- Revenue 30.0% lower at RMB219.8 million mainly due to lower contributions from the Aluminium Alloy Extruded Products Division -- Aluminium Alloy Extruded Products Division gross profit margin at 32.3% -- Positive outlook for the PRC railway industry over the longer-term underpinned...
Midas' JV Company Nanjing Sr Puzhen Rail Transport Wins Two Metro Contracts Worth RMB1.4 Billion
-- First contract worth RMB663 million to supply 138 train cars for the Wuxi Metro Line 2 Project -- Second contract worth RMB756 million to supply 162 train cars for the Hangzhou Metro Line 2 Project -- NPRT's total year-to-date contract wins increases to four ...
Bombardier Honours Midas with Supplier of the Year Award
SINGAPORE and HONG KONG, July 18, 2012 /PRNewswire-Asia/ -- Midas Holdings Limited ("Midas" or the "Company", together with its subsidiaries, the "Group"; SGX-ST stock code: 5EN; SEHK stock code: 1021) announced today that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd ("Jil...
News Release Midas Secures New Contract Orders Worth RMB139.3 Million
-- RMB74.6 million metro contract from JV Company NPRT for the Nanjing Metro Line 3 project -- RMB64.7 million worth of orders for Siemens AG projects in Russia and Belgium SINGAPORE and HONG KONG, July 11, 2012 /PRNewswire-Asia/ -- Midas Holdings Limited ("Midas" or th...
Midas' JV Company Nanjing SR Puzhen Rail Transport Secures RMB860 Million Metro Contract
-- To supply 120 train cars for the Dongguan Rapid Railway R2 Line Project -- Delivery from 2013 to 2015 SINGAPORE and HONG KONG, July 2, 2012 /PRNewswire-Asia/ -- Midas Holdings Limited ("Midas" or the "Company", together with its subsidiaries, the "Group"; SGX-ST stock code: 5EN; SEHK stock...
Midas Signs New Master Agreement with Siemens
-- Extends preferred supplier status with Siemens -- Renewed agreement extends beyond procurement to the welding, machining and other mechanical treatment of aluminium profiles SINGAPORE and HONG KONG, June 14, 2012 /PRNewswire-Asia/ -- Midas Holdings Limited ("Midas" or the "C...
Midas Secures Two Metro Contracts Worth RMB62.2 Million
SINGAPORE and HONG KONG, May 21, 2012 /PRNewswire-Asia/ -- -- First contract worth RMB33.7 million for the supply of aluminium alloy extrusion profiles and certain fabricated parts for Ningbo Metro Line 1 -- Second contract awarded by JV company NPRT for the supply ...
Midas Posts First Quarter Net Profit of RMB15.3 Million
SINGAPORE and HONG KONG, May 14, 2012 /PRNewswire-Asia/ -- -- Revenue 22.3% lower at RMB230.4 million -- Aluminium Alloy Division gross margin of 30.0% -- Remains cautiously optimistic on the mid to long-term outlook of the PRC railway industry Financial Highlights ...
