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Singapore Kitchen Equipment sinks deeper into the red with 1Q18 loss of $0.9 mil
SINGAPORE (June 22): Singapore Kitchen Equipment (SKE) reported losses doubled to $0.9 million for 1Q18 from $0.45 million a year ago on higher costs and expenses.  Revenue for the quarter grew 43.6% to $6.9 million from $4.8 million in 1Q17 mainly due to higher sales generated from fabrication and distribution for tenders, and higher maintenance and service income. Cost of sales rose ...
Top Glove reports 51.4% rise in 3Q earnings to $39.7 mil on higher revenue
SINGAPORE (June 19): Rubber glove manufacturer Top Glove Corporation has announced a 51.4% increase in its earnings to RM117.6 million ($39.7 million) for the 3Q18 ended May, compared to RM77.7 million a year ago. Revenue for the quarter hit a record high of RM1.10 billion in 3Q18, 26.6% higher than revenue of RM869.6 million in the previous year, on the back of increased glove demand. The ...
TTJ posts 27% rise in 3Q earnings to $3.1 mil on higher revenue
SINGAPORE (June 6): Structural steel specialist TTJ Holdings saw its earnings rise 27% to $3.1 million for the 3Q ended April, from $2.4 million a year ago. 3Q18 revenue soared 71% to $28.7 million, from $16.8 million a year ago, as a result of higher contribution from its structural steel business. Gross profit rose 37% to $6.3 million in 3Q18, as gross profit margin fell 5.5 percentage ...
Asian Healthcare Specialists sees 1H earnings surge nine-fold to $1.4 mil
SINGAPORE (June 5): Asian Healthcare Specialists saw its earnings surge more than nine-fold to $1.4 million for the 1H ended March, from $0.2 million a year ago. This was mainly attributable to a steep drop in expenses from purchased and contracted services, which fell 98.3% to $64,000 during the half-year period, from $3.7 million a year ago. The decrease was due to termination of the ...
Hiap Seng Engineering sinks into full year losses of $18.9 mil
SINGAPORE (May 31): Hiap Seng Engineering declared larger 4Q losses of $9.8 million from its $1.8 million loss in 4Q17 due to a combination of declining turnover and gross profit margin, higher-than-expected operating costs, and a goodwill impairment from operations in Thailand. The latest quarter’s results concludes FY18 with $18.9 million in losses compared to earnings of $2.5 million a ...
Addvalue Tech chalks up 4th straight year of loss; says latest contract signing delayed
SINGAPORE (May 31): Addvalue Technologies sunk deeper into a net loss of US$11.11 million ($14.9 million) from a net loss of US$3.47 million last year. FY18 also marked the fourth straight year of losses for the satellite communications company which was last profitable in FY14. Under listing rules of the Singapore Exchange, firms may be placed on the watch-list after three straight years ...
Courts Asia posts 66% lower FY18 earnings of $8 mil on Malaysia headwinds
SINGAPORE (May 30): Courts Asia, the retailer of IT, household electrical and furniture goods, reported earnings of $8.1 million for FY17/18, down 66.1% from its FY17/16 earnings of $23.7 million a year ago on lower gross profit margin and an overall revenue decline due to buisiness headwinds faced in Malaysia. For the latest quarter ended March, the group swing into 4Q losses of $3 ...
Azeus Systems swings back to profitability in FY18 with earnings of $0.32 mil
SINGAPORE (May 30): Azeus Systems Holdings, the Hong Kong-based IT consultancy services provider, has swung back to profitability in FY18 with earnings of HK$ 1.87 million ($0.32 million), compared to a loss of HK$ 21.6 million in FY17. Revenue for FY18 was 5% higher at HK$ 102.4 million from HK$97.9 million in the previous year. This was mainly due to a 106% y-o-y increase in revenue ...
Tat Hong FY18 losses narrow to $15.9 mil from a year ago
SINGAPORE (May 30): Tat Hong, one of the largest crane rental company in the Asia Pacific region which is in the process of being privatised by controlling shareholder Roland Ng, reported 4Q losses narrowed 81% to $5.6 million from a year ago. This was the result of lower pre-tax losses and lower income tax expense arising mainly from over-provisions made for prior years’ taxes and the ...
KSH Holdings posts 28% drop in FY18 earnings to $29.5 mil
SINGAPORE (May 30): Property group KSH Holdings recorded FY18 earnings of $29.5 million, 28.1% lower than $41.0 million in FY17. Total revenue for the full year ended March declined by 33.4% to $132.6 million compared to $199.3 million last year. This was mainly due to a 34.6% y-o-y drop in project revenue to $126.6 million, but partially offset by a 7.4% increase in rental income from ...