Results

Noble warns loss for 2017 may approach $6.6 bil
SINGAPORE (Feb 19): Noble Group, the commodity trader that’s seeking to restructure its debt, said it expects to report a net loss of between US$1.73 billion and US$1.93 billion for the final quarter of last year, potentially bringing losses for all 2017 to almost US$5 billion ($6.6 billion). For now, given talks with creditors and finance provided by its banks, “the board is, on balance ...
Far East H-Trust reports 13.4% lower 4Q DPSS of 0.97 cent as serviced residences business stays tough
SINGAPORE (Feb 15): The manager of Far East Hospitality Trust (Far East H-Trust) has reported 4Q17 Distribution per Stapled Security (DPSS) of 0.97 cents, 13.4% lower from 1.12 cents a year ago. Gross revenue fell 6.6% to $25.7 million for the quarter. Net property income fell 7.0% to $23.1 million and income available for distribution was 9.7% lower at $18.2 million. Revenue per available ...
Sakae returns to profitability in FY17 on reduced expenses
SINGAPORE (Feb 15): Sakae Holdings concluded FY17 with $1.1 million in earnings, reversing from its losses of $12.6 million in FY16 on reduced expenses. For the 4Q ended Dec 2017, the group reported earnings of $0.1 million compared to the $5.3 million loss posted in 4Q16, boosted by a new stream of revenue from commodities trading of $3 million. In all, revenue for the full year fell 20.3% ...
IREIT Global declares 7.6% lower 4Q DPU of 1.46 cents
SINGAPORE (Feb 14): The manager of IREIT Global has declared a DPU of 1.46 cents for 4Q17, 7.6% lower than the distribution of 1.58 cents in 4Q16. This brings FY17 DPU to 5.77 cents, 8.8% lower compared to the DPU of 6.33 cents declared in FY16. IREIT Global Group says net property income and distributable income grew by 0.3% and 3.1% year-on-year, respectively, to EUR7.9 million ($12.9 ...
ThaiBev reports 62% fall in 1Q earnings to $122 mil on one-off acquisition expenses
SINGAPORE (Feb 14): Thai Beverage reported a 62% fall in 1Q earnings to THB2.91 billion ($122 million) from THB7.71 billion on one-off expenses of THB2.35 billion related to acquisitions in this quarter and finance costs linked to the Sabeco acquisition. Total revenue dipped 3% to THB45.97 billion from THB46.99 billion. Sales of spirits business increased 5.8% to THB24.8 million even though ...
No Signboard 1Q earnings rise 56.1% to $1.4 mil
SINGAPORE (Feb 14): No Signboard has announced $1.4 million in earnings for the 1Q ended Dec 2017, up 56.1% from its earnings of $0.9 million posted in 1Q17 on higher other income.  Revenue grew 2.9% to $4.1 million from $4 million a year ago on the back of contribution from a new revenue stream from the beer business. Notably, other income of $2.6 million was recorded in ...
KOP swings back to black in 3Q with $7 mil earnings
SINGAPORE (Feb 14): KOP Limited is back in the black with $7 million of earnings for 3Q18, compared to its loss of $0.5 million a year ago on a near-tripling of revenue over the period under review. Revenue was up 179% at $14.8 million from $5.3 million a year ago mainly due to an increase in revenue from the real estate origination and management services segment and hospitality segment – ...
StarHub posts 74% drop in 4Q earnings to $14.1 mil on higher operating expenses
SINGAPORE (Feb 14): StarHub saw its earnings plunge 74% to $14.1 million for the 4Q ended December on higher operating expenses, from $54.0 million a year ago. This brings FY17 earnings to $249.0 million, some 27.1% lower than earnings of $341.4 million a year ago. Operating expenses rose by 9.3% to $624.0 million in 4Q17, from $570.7 million a year ago. The increase was largely due to a ...
Raffles Education reports 1H loss of $7.3 mil
SINGAPORE (Feb 14): Raffles Education Corporation reported 1H18 losses widened to $7.3 million from $5.6 million a year ago on lower operating income, higher finance costs, and currency translation differences.   Revenue for the half year fell 1% to $48.8 million from $49.2 million. Meanwhile, other operating income declined 45% over 1H to $2.7 million from $4.9 million previously due ...
Old Chang Kee posts 9.3% decline in 3Q earnings to $1.2 mil on higher expenses
SINGAPORE (Feb 14): Old Chang Kee announced earnings of $1.2 million for 3Q18, down 9.3% from $1.4 million a year ago in 3Q17 on higher expenses related to increased raw material costs. Revenue for the quarter grew 9.6% on-year to $22.2 million in 3Q18 compared to $20.3 million in 3Q17 on contribution from new outlets as well as higher revenue from existing outlets, as well as higher events ...