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Thai Beverage reports 61% fall in 3Q earnings to $248 mil
SINGAPORE (Aug 14) Thai Beverage PLC reported 3Q earnings fell 60.7% to THB 6 billion ($248 million) from a year ago due to lower profit from spirits and beer, higher losses from non-alcoholic beverages and lower income contribution from Fraser and Neave and Frasers Property (F&N/FPL). For the 3Q ended June, revenue rose 34.1% to THB 60.8 billion due to higher sales of beer and food to be ...
mm2 Asia posts 13.2% increase in 1Q earnings to $7.3 mil
SINGAPORE (Aug 14): mm2 Asia reported 1Q19 earnings increased by 13.2% to $7.25 million, compared to $6.40 million in 1Q18. This came on the back of the group’s revenue almost doubling to $49.0 million from $24.6 million in the previous year. This was mainly contributed by the group’s business assets from Lotus Fivestar Cinemas in Malaysia and a newly acquired subsidiary, Cathay ...
IFS Capital's 1Q earnings surge eightfold to $0.8 mil on lower allowances and impairments
SINGAPORE (Aug 14): IFS Capital has posted earnings of $0.8 million for 2Q18, representing an eightfold surge from its 2Q17 earnings of $0.1 million on lower allowances For the 1H ended June, the group’s earnings rose to $0.5 million from $0.1 million a year ago. Net interest income for 2Q remained relatively flat at $4.8 million, as 29.5% higher interest expenses of $1.9 million offset ...
Golden Agri ends 2Q and 1H with net losses on lower yields and CPO prices
SINGAPORE (Aug 14): Golden Agri-Resources reported a net loss of US$39 million ($53.5 million) for the 2Q ended June compared with earnings of US$22 million a year ago even as revenue grew 6% to US$1.86 billion from a year ago. For the 1H period ended June, net loss came in at US$27 million from earnings of US$59 million a year earlier. This came on the back of a 3.3% fall in 1H revenue ...
SIIC Environment posts 28.2% increase in 2Q earnings to $30.7 mil
SINGAPORE (Aug 14): SIIC Environment recorded 2Q18 earnings of RMB 153.7 million ($30.7 million), a 28.2% increase compared to RMB 119.9 million in 2Q17. This brings 1H18 earnings to RMB 255.6 million, 6.5% higher than RMB 240.0 million in 1H17. Revenue for the quarter was RMB 1.67 billion, 68.1% higher than RMB 995.4 million a year ago, mainly due to higher revenue contributions from ...
Wilmar shares up 3.8% as 2Q earnings surge more than fivefold
SINGAPORE (Aug 14): Shares in Wilmar International are up 12 cents at $3.25 at 10.30am with 6 million units traded after the agribusiness group announced 2Q18 earnings surged more than five times to US$316.4 million ($435.3 million) from a year ago. Revenue for 2Q18 ended June increased 2% to US$10.80 billion from a year ago due to higher sales volume and commodity prices from the Oilseeds ...
Olam's 2Q earnings down 36.4% to $94 mil on coffee and peanut business
SINGAPORE (Aug 14): Olam International says 2Q18 earnings dropped by 36.4% to $93.9 million, compared to $147.7 million in 2Q17. The weaker bottomline was due to a downcycle in the coffee industry, bad weather conditions in peanut farming in Argentina and lower contribution from edible oils. The results bring 1H18 earnings to $251.9 million, 13.6% lower than $291.5 million in ...
Courts Asia sinks into the red in 1Q on lower revenue
SINGAPORE (Aug 13): Courts Asia sank into the red with a net loss of $2.2 million for the 1Q ended June, compared to earnings of $6.1 million a year ago. 1Q18/19 revenue slipped 3.6% to $179.8 million, from $186.6 million a year ago. The decline was due to a 20.6% drop in Malaysia revenue during the quarter, mainly due to lower earned service charge income. Malaysia revenue accounted for ...
Serial System reports 39% fall in 2Q earnings to US$2 mil
SINGAPORE (Aug 13): Serial System, the distributor of electronic components and consumer products, reported a 39% fall in 2Q earnings to US$2.0 million ($2.7 million) from a year ago. The group’s bottom line was impacted by higher currency translation losses, impairment loss on investment in an associated company, fair-value loss on financial assets, higher allowance for impairment losses on ...
Cityneon's 2Q earnings more than doubled to $9.01 mil
SINGAPORE (Aug 13): Cityneon Holdings reported 2Q18 earnings more than doubled to $9.01 million compared to the 2Q17 restated earnings of $4.20 million, mainly due to lower cost of sales and income tax credit recognised during the quarter. This brings 1H18 earnings to $13.0 million, 102.9% higher than restated earnings of $6.39 million in 1H17. Revenue for the quarter was 1.5% higher at ...