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Low Keng Huat posts 60% drop in 3Q earnings to $2.6 mil
SINGAPORE (Dec 9): Property developer Low Keng Huat (Singapore) saw its earnings fall 60% to $2.6 million for the 3Q18 ended October, from $6.6 million a year ago. The decline was on the back of lower revenue during the quarter. 3Q18 revenue fell 31% to $9.2 million, from $13.5 million a year ago. However, 9M18 revenue soared to $162.5 million, from $44.1 million a year ago. The increase ...
Stamford Tyres 2Q earnings shrink to $19,000 on higher expenses
SINGAPORE (Dec 6): Stamford Tyres announced earnings of $19,000 for 2Q19, down 99% from $1.6 million in 2Q17 due to higher total expenditure and lower share of results of joint ventures. This comes even as revenue for the quarter grew 7.9% y-o-y to $63.7 million from $59 million previously, on the back of improved sales in Stamford’s Southeast Asian markets. Gross profit margin, however, ...
Ace Achieve Infocom reports 75% lower FY18 earnings of $0.9 mil on lower revenue
SINGAPORE (Dec 6): Ace Achieve Infocom reported earnings of RMB4.5 million ($0.9 million) for FY18, down 75% from its FY17 earnings of RMB17.9 million due to lower revenue and margins. Revenue for the full year fell 33.2% to RMB184.8 million from RMB276.5 million previously on the back of a slowdown in the 4G business investment environment coupled with market competition. According to the ...
TTJ reports 28% higher 1Q earnings of $0.98 mil on better sales
SINGAPORE (Dec 5): Steel fabricator TTJ Holdings reported a 28% rise in 1Q earnings to $976,000 from $760,000 a year ago. Revenue rose 39% to $19 million due to the increase in contribution from the structural steel business. Cost of sales rose a slower 34% to $15.4 million, leading to a 6% increase in gross profit to $3.6 million. Administrative expenses increased 58% to $2.9 million ...
No Signboard reports FY18 loss of $2.3 mil as beer business underperforms
SINGAPORE (Nov 29): No Signboard Holdings reversed into a full-year loss of $2.3 million from earnings of $7.7 million a year ago due an underperforming beer business subsidiary -- Danish Breweries. As a result, the group recorded an impairment of goodwill and intangible assets of $4.3 million. There was also an IPO expense of $1.1 million. Impacted by the beer business, total raw materials ...
Asian Healthcare Specialists' 2H18 earnings more than trebled to $1 mil
SINGAPORE (Nov 29): Asian Healthcare Specialists (AHS) reported 2H18 earnings ended Sept more than trebled to $1 million from $287,000 in 2H17. This brings FY18 earnings to $2.5 million, up more than five times from $0.4 million, its first full-year results since its listing in April. Excluding one-off listing expenses of $0.9 million, full-year earnings would have been $3.4 million. AHS ...
Envictus International cuts FY18 losses by nearly half to $9 mil
SINGAPORE (Nov 29): Envictus International managed to cut FY18 loss by 48% to RM27.9 million ($9.16 million) from a loss of RM53.5 million in FY17. Revenue for the final year ended September came in 3% higher at RM422.6 million from a year ago, mainly contributed by higher contribution from the group’s Food Services Division and the new Dairies Division. However, these increases were ...
Everbright Water secures Jiangsu wastewater treatment project and pipeline projects
SINGAPORE (Nov 29): China Everbright Water, the environmental protection company, has secured the Jiangyin Binjiang plant 2 wastewater treatment project and its ancillary pipeline project which has an investment value of RMB230 million ($75.2 million). China Everbright signed a concession and waste water treatment service agreement on Tuesday with the management committee of Jiangyin High-tech ...
Nam Lee Pressed Metal reports 18% higher full-year earnings; declares final and special dividends
SINGAPORE (Nov 28): Nam Lee Pressed Metal Industries reported FY18 earnings of $12 million, 17.6% higher compared to FY17. The company is engaged in designing, fabrication, supply and installation of steel and aluminum products like gates, door frames, hand-railings and laundry racks. Group revenue increased 10.5% to $156.8 million mainly attributable to an increase in revenue from the ...
Cromwell European REIT reports 1.9% higher DPU from Nov 30 2017 to Sept 30 2018
SINGAPORE (Nov 28): The manager of Cromwell European REIT (CEREIT) on Wednesday reported distribution per unit (DPU) for the period ranging from listing date Nov 30 2017 to Sept 30 came in at EUR 0.0361, 1.9% higher than the IPO forecast and translating to an annualised distribution yield of 7.9%, 13 basis points higher than expected. Income available for distribution to unitholders amounted ...