Lorenzo International Limited
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July 1, 2020
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Lorenzo International Limited

Revenue:
SGD 29.1 million (2019)
Profit:
SGD -5.8 million (2019)
Employees:
313 (2019)
GICS Industry Group:
Headquarters:
Singapore
Founded:
16 June 2005
Current CEO:
Ding Lei
Parent:
This is the ultimate parent

Description

Lorenzo International Limited is an investment holding company that generates revenue from the retail sales of furniture and building materials. The company was incorporated on 16 June 2005 in Singapore under the name Lorenzo International Pte Ltd.

Lorenzo International Limited designs, manufactures, assembles and distributes its branded furniture. The company has more than 30 wholly-owned stores and licensed retailing system (LRS) stores spanning across countries such as Singapore, Malaysia and Taiwan. In addition, Lorenzo International Limited owns manufacturing operations in Malaysia, having ceased its manufacturing operations in China during FY2018.

Lorenzo sells most of its products under the Lorenzo brand name grouped under two main collections - Dante for classic leather sofas and Enzo for woodbased products. The Enzo series of products includes furniture for the living room, dining room and bedroom.

The company's registered office and principal place of business is located at 23 Neythal Road, #04-03 Singapore 628588.

Lorenzo International Limited is listed on the Singapore Exchange (SGX) under the code 5IE.

In Singapore Dollars (SGD)
In Singapore Dollars (SGD)
In Singapore Dollars (SGD)
No items found.

Operating Segments:

Furniture business - The retail segment relates to revenue generated from retail chain stores for the trading of sofa and other furniture. In the year end 31 March 2019, the furniture business accounted for 96.87% (SGD 28.16 million) of total revenue.

Building materials - The building materials segment relates to revenue generated from supply of stones and tiles for residential, commercial and industrial projects. In the year end 31 March 2019, the building materials segment accounted for 3.13% (SGD 0.91 million) of total revenue.

Mergers and Acquisitions:

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