Results

Netflix crushes estimates, renewing faith after July letdown
LOS ANGELES (Oct 17): Netflix Inc.’s Cinderella story isn’t over just yet. The world’s largest paid online TV network added far more subscribers than analysts forecast in the third quarter and issued an upbeat outlook for the current three months, rebounding from a slowdown earlier this year. Netflix signed up 6.96 million customers in the quarter, according to a statement Tuesday, ...
Qian Hu posts 23.2% rise in 3Q earnings to $0.2 mil
SINGAPORE (Oct 16): Qian Hu Corporation saw its earnings rise 23.2% to $175,000 for the 3Q18 ended September, from $142,000 a year ago. This was mainly due to handling income of $0.5 million derived from the handling of transhipments in relation to its aquaculture business. Qian Hu did not register any handling income a year ago. As a result, other income surged ten-fold to $0.6 million in ...
Keppel Infrastructure declares 3Q DPU of 0.93 cent, unchanged from a year ago
SINGAPORE (Oct 16): The trustee-manager of Keppel Infrastructure Trust (KIT) declared a DPU of 0.93 cents for 3Q18 ended Sept, unchanged from a year ago. This brings 9M18 DPU to 2.79 cents. Earnings for 3Q18 fell 47.4% to $8.2 million while 9M18 earnings fell 69.5% to $11.6 million mainly due to lower contribution from City Gas due to the time lag in the adjustment of gas tariffs to reflect ...
First REIT posts 0.5% higher 3Q DPU of 2.15 cents, manager sees potential acquisition as key to growth
SINGAPORE (Oct 16): The manager of First Real Estate Investment Trust (First REIT) has declared a 3Q18 distribution per unit (DPU) of 2.15 cents, which 0.5% higher than its DPU of 2.14 cents in the same quarter a year ago. Revenue for the quarter grew 5.1% y-o-y to $29.2 million from $27.8 million previously, on the back of contributions from the REIT’s latest acquisitions, Siloam Hospitals ...
Keppel DC REIT posts 6.3% rise in 3Q DPU to 1.85 cents
SINGAPORE (Oct 16): Keppel DC REIT announced that its distribution per unit (DPU) for 3Q18 was 6.3% higher at 1.85 cents, compared to 1.74 cents in 3Q17. This brings 9M18 DPU to 5.47 cents, 4.8% higher than 5.22 cents in 9M17. Gross revenue for the quarter was 34% higher at $47.6 million from $35.5 million last year, as gross rental income saw a 30.2% y-o-y increase to $44.6 million and ...
Keppel REIT declares 2.9% lower 3Q DPU of 1.36 cents on lower contributions from assets
SINGAPORE (Oct 15): The manager of Keppel REIT has declared a DPU for 3Q18 of 1.36 cents. This is 2.9% lower than the DPU of 1.40 cents for 3Q17 and brings DPU for 9M18 to 4.20 cents compared to 4.27 cents a year ago. For the three months ended Sept 30, gross revenue fell 9.4% to $36.7 million from the preceding year. These was due to lower contributions from Ocean Financial Centre in ...
SPH FY18 earnings fall 20% to $281 mil on absence of divestment gain
SINGAPORE (Oct 15): Singapore Press Holdings (SPH) reported FY18 earnings fell 19.7% to $281.1 million from $350.1 million in FY17. In FY18, the group did not record any gain on divestment of a joint venture compared to $149.7 million recognised in FY17. Operating revenue for the financial year ended Aug 31 came in 4.8% lower at $982.6 million, compared to $1.03 billion in the same period ...
Nico Steel reports surge in 1H19 profit, ramps up production of proprietary metal alloys
SINGAPORE (Oct 15): Nico Steel Holdings, the specialist in ferrous and non-ferrous metal alloys, reported a higher y-o-y profit of US$121,000 ($166,833) for 1H19 compared to the US$1,000 in 1H18 on double-digit revenue growth. Revenue for the half-year ended Aug 2018 rose 31% to US$8 million from US$6.1 million a year ago, mainly due to the increase in production and sales of Nico brand metal ...
Lian Beng posts 39% fall in 1Q earnings to $7 mil on change in reporting standards
SINGAPORE (Oct 12): Lian Beng Group reported a 38.9% drop earnings to $7 million in 1Q19 earnings ended August from $11.4 million in 1Q18 due to a change in reporting standards. In 1Q19, the group’s 74.41%-owned property development arm, SLB Development (SLB), implemented the adoption of new SFRS reporting standards (SFRS(I)15), where revenue and cost of units sold for development properties ...
SPH REIT posts marginally higher 4Q DPU of 1.43 cents
SINGAPORE (Oct 11): SPH REIT announced that its 4Q18 DPU saw a slight increase to 1.43 cents, compared to 1.42 cents in 4Q17. This brings FY18 DPU to 5.54 cents, 0.2% higher compared to 5.53 cents in FY17. Revenue for the quarter was 0.2% higher at $53.0 million from $52.9 million last year. The Clementi Mall saw revenue increase by 2.2% y-o-y to $10.4 million, while Paragon’s revenue ...