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HRnetGroup reports record FY18 earnings of $52.4 mil
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 ...
OCBC reports 11% rise in FY18 earnings to $4.49 bil on banking ops
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 ...
UOB reports record earnings of $4.01 bil for FY18; declares final and special dividends totalling 70 cents
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 ...
Roxy-Pacific posts 27% drop in 4Q earnings to $5.9 mil on lower revenue, higher expenses
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, ...
Hi-P reports 25% fall in 4Q earnings to $14.8 mil on lower demand
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 ...
Wilmar posts 53% drop in 4Q earnings to $272 mil on lower margin, one-off impairment
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 ...
Sembcorp reports 10% lower 4Q earnings of $106 mil; proposes 2 cents final dividend
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 ...
Genting Singapore sees 4Q earnings rise 12% to $150 mil on higher visitors, hotel occupancy
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 ...
SUTL posts 17% drop in 4Q earnings to $3.64 mil on higher expenses, lower fees
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 ...
CityDev ends FY18 with record revenue despite 4Q decline; recommends special 6 cents dividend
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 ...