Starburst Holdings

Starburst is aiming for a better FY2020 and gunning for more contracts

Year to date, Starburst, which designs and builds shooting ranges, has won some $59.1 million in new contracts.

Under the agreement, Starburst Engineering will design, supply and install ballistic protection works for a tactical training mock-up facility in Southeast Asia.

On May 22, Kwong Yong Sin, former group managing director at Silverlake Axis, the provider of software for banks, bought 250,000 shares from the open market at an average price of 22.5 cents.

“We have done three to four bids for 2020 already, and we are expecting positive results from the bids which will allow us to start work," says group managing director Jonathan Yap.

SINGAPORE (May 3): Starburst Holdings, a Singapore-based engineering group specialising in the design and engineering of firearms-training facilities, announced that its 1Q19 losses have narrowed by 8.3% to $1.2 million, compared to a loss of $1.3 million

SINGAPORE (May 10): Firearms training facilities provider Starburst Holdings sank to losses of $1.3 million for the 1Q ended March, from earnings of $0.4 million a year ago.

SINGAPORE (Mar 1): Starburst Holdings, the firearms-training facilities provider, swung back into profitability in FY17 with earnings of $0.1 million compared to a loss of $11.7 million in FY16.

SINGAPORE (Nov 7): Starburst Holdings has swung back to profitability, posting 9M earnings of $1.3 million in 9M17 compared to a loss of $7.8 million in 9M16.