Results
22 Feb 2019
SINGAPORE (Feb 22): HRnetGroup reported record earnings of $52.4 million for the FY ended Dec 31 2018, an increase of 12.9% year-on-year.
Revenue crossed the $400 million milestone for the first time, registering 9.3% growth from $392.0 million to $428.5 million.
Gross profit grew by 14.2% to $155.3 million from $136.0 million, partially attributable to the acquisitions of REForce, HRnet ...
SINGAPORE (Feb 22): Oversea-Chinese Banking Corporation (OCBC Bank) reported earnings of $4.49 billion for the FY18 ended Dec, up 11% from $4.05 billion a year ago.
This was driven by record earnings from the group’s banking operations which rose 22% year-on-year, led by income growth, disciplined cost control and lower allowances. The group’s FY18 return on equity increased to 11.5% from ...
22 Feb 2019
SINGAPORE (Feb 22): UOB Group reported record earnings of $4.01 billion for the full year of 2018, up 18% from a year ago.
Total income rose 6% to S$9.12 billion, led by strong growth in both net interest and fee and commission income.
For 4Q18, earnings of $916 million was 7% higher than a year ago, but was 12% lower than 3Q18 as market uncertainties took hold.
Net interest income rose ...
21 Feb 2019
SINGAPORE (Feb 21): Roxy-Pacific announced that its 4Q18 earnings have declined by 27% to $5.93 million, compared to $8.14 million in 4Q17.
This brings FY18 earnings to $23.9 million, 22% lower than $30.5 million recorded in FY17.
Revenue for 4Q18 was 29% lower at $30.8 million from $43.3 million in the previous year, mainly due to lower contribution from the property development segment, ...
SINGAPORE (Feb 21): Hi-P International, the global contract manufacturer of smart phones, tablet computers and other consumer electronics, reported 4Q18 earnings fell 24.9% to $14.8 million from $44.8 million for 4Q17.
Amid uncertain economic conditions, 4Q18 revenue decreased 10.2% to $441.9 million from a year ago as a result of a decline in market demand from various segments.
Gross ...
SINGAPORE (Feb 21): Wilmar International saw its earnings fall 52.9% to US$200.9 million ($271.5 million) for the 4Q18 ended December, from US$426.7 million a year ago.
The decline was due mainly to a provision for impairment on the Australian sugar milling assets. Wilmar incurred a non-operating loss of US$129.8 million during the quarter, compared to a non-operating gain of US$65.5 million a ...
SINGAPORE (Feb 21): Sembcorp Industries reported earnings of $106 million for the 4Q ended Dec 2018, representing a 10% decline from restated 4Q17 earnings of $118 million as the Marine segment continued to impact the absorption of overhead costs.
This brings Sembcorp’s FY18 earnings to $347 million, down 9% from restated earnings of $383 million a year ago.
Over 4Q, the group recorded a ...
21 Feb 2019
SINGAPORE (Feb 21): Genting Singapore (GENS) announced earnings of $150.2 million for the 4Q ended Dec 2018, rising 12% y-o-y from its earnings of $134 million in 4Q17 due to higher revenue.
This brings the group’s earnings for the full year to $755.4 million, up 10% from $685.6 million in the previous year.
Revenue for the latest quarter under review grew 15% on-year on the back of ...
SINGAPORE (Feb 21): SUTL Enterprise, the developer and operator of marinas, announced that its 4Q18 earnings have dropped by 17% to $3.64 million, compared to $4.40 million in 4Q17.
This brings FY18 earnings to $5.80 million, 14% lower than $6.75 million in FY17.
The group’s total income was 1% higher at $11.44 million from $11.35 million last year, mainly attributable to a 3% y-o-y ...
21 Feb 2019
SINGAPORE (Feb 21): City Developments recorded earnings of $77.9 million for 4Q18, down 54.7% from $171.9 million a year ago on lower revenue and higher expenses.
Revenue for the quarter fell 40.6% to $788.3 million from restated 4Q17 revenue of $1.3 billion, arising mainly from variances in project and unit revenue recorded.
The main contributors of revenue for the latest quarter was New ...