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k1 Ventures' 1Q earnings rise 10.6% to $11.6 mil
SINGAPORE (Oct 20): Investment holding company k1 Ventures posted a 10.6% increase in earnings to $11.6 million for the 1Q ended September, from $10.5 million a year ago. Revenue fell 80.2% to $2.4 million in 1Q18, from $12.3 million a year ago. The decrease was primarily due to the absence of investment income from Knowledge Universe Holdings, a holding company that has various interests in ...
United Overseas Insurance’s 3Q earnings up 39% to $5.4 mil
SINGAPORE (Oct 20): United Overseas Insurance (UOI) says earnings for 3Q17 ended Sept rose 38.6% to $5.4 million from a year ago due to higher profit from non-underwriting income. Gross premium decreased by $0.7 million or 3% to $23.7 million. Net earned premium decreased by $0.5 million or 4.3% in 3Q17 compared to 3Q16. Net claims incurred increased by $1.3 million or 34.1% to $5.1 million. ...
CapitaLand Mall Trust's 3Q DPU holds steady at 2.78 cents
SINGAPORE (Oct 20): The manager of CapitaLand Mall Trust (CMT) has announced a 3Q17 distribution per unit (DPU) of 2.78 cents, unchanged from a year ago, which will be payable on Nov 29. For the three months to Sept, gross revenue declined 0.2% to $169.4 million from $169.7 million in 3Q16, mainly due to lower rental achieved for Bedok Mall, Plaza Singapura and Junction 8. But property ...
Mapletree Greater China Commercial Trust posts 2.9% rise in 1H DPU of 3.714 cents
SINGAPORE (Oct 20): The manager of Mapletree Greater China Commercial Trust has declared available distribution per unit (DPU) of 3.714 cents for the 1H ended September, an increase of 2.9% from DPU of 3.610 cents a year ago. Gross revenue increased by 5.4% to $177.0 million for 1H FY2017/2018, from $168.0 million a year ago. The increase was mainly due to revenue growth from all three ...
Frasers Commercial Trust’s 4Q DPU falls 1.6% to 2.41 cents
SINGAPORE (Oct 20): The manager of Frasers Commercial Trust (FCOT) has posted a distribution per unit (DPU) of 2.41 cents for the 4Q17 ended Sept, declining 1.6% from its DPU of 2.45 cents in 4Q16 a year ago on lower revenue and net property income. This brings the trust’s DPU for FY17 to 9.82 cents, unchanged from a year ago. Revenue for 4Q17 fell 3% to $38.3 million from $39.3 million ...
CapitaLand Commercial Trust posts 2.6% rise in 3Q DPU to 2.36 cents
SINGAPORE (Oct 20): The manager of CapitaLand Commercial Trust (CCT) has declared a distribution per unit (DPU) of 2.36 cents for 3Q17, up 2.6% from 2.30 cents a year ago on lower operating expenses, stronger performance from CapitaGreen as well as a one-off gain. However, the trust is estimated to have an adjusted DPU of 2.02 cents, up 6.9% from 1.89 cents in 3Q16, after taking into ...
GuocoLand 1Q earnings surge sixfold to $165.6 mil on higher share of profit of joint venture
SINGAPORE (Oct 19): GuocoLand saw its earnings surge more than sixfold to $165.6 million for the 1Q ended September, from $25.6 million a year ago. This was mainly due to a higher share of profit of associates and joint ventures, which skyrocketed to $170.5 million, compared to a share of loss amounting to $119,000 a year ago. The increase was mainly contributed by GuocoLand’s joint ...
Creative Technology swings back to profitability in 1Q on settlement from lawsuits
SINGAPORE (Oct 19): Creative Technology swung back into profitability, posting 1Q18 ended Sept earnings of US$22.8 million ($30.9 million), compared to a loss of US$6.21 million in 1Q17. Other gains saw a US$31.6 million increase to US$32.0 million, compared to US$459,000 last year. This was due to US$31.2 million received from settlement of patent lawsuits and US$0.6 million foreign exchange ...
Advance SCT swings back to profitability in 3Q on higher revenue
SINGAPORE (Oct 19): Advance SCT posted earnings of $158,000 for the 3Q17 ended September, reversing out of a net loss of $340,000 in 3Q16 a year ago. Revenue in 3Q17 grew 48% to $24.6 million, from $16.6 million a year ago. For the first nine months of FY2017, Advance SCT saw its revenue more than double to $60.8 million. It has reported earnings of $1.3 million in 9M17, compared to a net ...
GL Limited 1Q earnings up 58% to $23.6 mil on absence of one-off provision
SINGAPORE (Oct 19): GL Limited, formerly known as GuocoLeisure, reported a 58% increase in earnings to US$17.4 million ($23.6 million) for the 1Q ended September, from US$11.0 million a year ago. This was mainly due the absence of other operating expenses for a one-off provision for a legal claim against a subsidiary in the UK in 1Q17. GL did not record any other operating expenses in 1Q18, ...