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Datapulse Tech sinks in 1Q losses on impairment loss
SINGAPORE (Dec 13): Datapulse Technology sunk into losses of $1.3 million for the 1Q18 ended October from earnings of $6.2 million a year ago. In 1Q18, revenue from continuing operations fell 31.2% to $3.9 million due to the continued shrinking demand for media storage products and services during the quarter. In 2016, the group entered into a share sale and purchase agreement to dispose of ...
Vibrant's 2Q earnings fall 60.4% to $3.6 mil
SINGAPORE (Dec 12): Logistics, real estate, and financial services provider Vibrant Group saw its earnings fall 60.4% to $3.6 million for the 2Q ended October, from $9.0 million a year ago. This comes despite revenue almost quadrupling to $172.7 million in 2Q18, compared to $45.0 million a year ago. In a Tuesday night filing, Vibrant says the weaker bottomline was due to lower fair value ...
Low Keng Huat reports doubling of 3Q earnings on higher sales, lower costs
SINGAPORE (Dec 8): Property group Low Keng Huat reported 3Q18 earnings slightly more than doubled to $6.6 million from $3.0 million a year ago. Revenue for the three months to Oct rose 9% to $13.5 million from $12.4 million but cost of sales halved to $3.5 million. The group’s construction division recorded zero sales compared to $0.4 million a year ago. This was because since 1Q18, ...
Stamford Tyres posts 10.4% increase in 2Q earnings to $1.6 mil on higher sales
SINGAPORE (Dec 7): Stamford Tyres reported a 10.4% rise in 2Q18 earnings to $1.62 million compared to $1.47 million in 2Q17. Total revenue for the second quarter ended October was 2.58% higher at $59.9 million from $58.4 million a year ago, mainly due to improved sales in Australia and the South East Asian markets.   Total operating expenses increased by 6.8% to $14.9 million in 2Q18, ...
Broadcom swings back to the black in 4Q with higher than expected US$636 mil earnings
SINGAPORE (Dec 7): Broadcom reversed back into profitability in 4Q ended Oct as the chipmaker makes a US$105 billion ($142 billion) bid for Qualcomm Inc. In the latest quarter, Broadcom swung to higher than expected earnings of US$636 million, or US$1.50 a share, compared with a loss of US$632 million, or US$1.59 per share, a year earlier. On an adjusted basis, earnings grew to US$4.59 per ...
TTJ Holdings posts 81% decline in 1Q earnings to $0.8 mil on lower revenue
SINGAPORE (Dec 6): TTJ Holdings saw 1Q18 earnings ended Oct drop 81% to $760,000 from $4. million in 1Q17. Revenue for the quarter fell by 49% to $13.6 million from $26.5 million a year ago, mainly due to the decrease in structural steel business and expiry of tenure for the group’s dormitory at Terusan Lodge I resulting in no revenue contribution from its dormitory business.   Cost ...
Del Monte Pacific sinks into the red; posts 2Q loss of US$2.82 mil
SINGAPORE (Dec 5): Del Monte Pacific (DMP) recorded a loss of US$2.82 million ($3.80 million) in 2Q18 ended Oct, compared to restated earnings of US$20.0 million in 2Q17. However, excluding one-off expenses of US$13.1 million due to the closure of three US plants, the group would have recorded earnings of US$10.2 million for the quarter from US$20.8 million a year ago. Group turnover saw a ...
BRC Asia posts 75% drop in full-year earnings to $2.1 mil
SINGAPORE (Nov 29): Prefabricated steel reinforcement specialist BRC Asia saw its earnings tumble 75% to $2.1 million for the full year ended September, down from $8.3 million a year ago. Revenue fell 10% to $311.6 million in FY17, from $346.8 million a year ago, despite higher selling prices. This was due to lower volume of steel delivered as a result of weaker construction demand. Gross ...
Goodland Group swings back into the black in FY17
SINGAPORE (Nov 29): Goodland Group has swung back into the black in FY17, posting earnings of $17.7 million compared to a loss of $3.9 million in FY16. This came on the back of an increase in revenue of 34% to $69.8 million from $52.3 million a year ago, mainly due to progressive revenue recognition from the mixed development projects, The Citron and Citron Residences. Cost of sales rose ...
Keong Hong reports 86% rise in full-year earnings to $70.2 mil on fair value gains
SINGAPORE (Nov 28): Keong Hong Holdings, the homegrown property construction, development and investment group, reported earnings of $70.2 million for the FY17 ended Sept. This is a 86.4% improvement over FY16’s earnings, lifted by an exceptional gain of $49.8 million on fair value gains on investment upon ceasing equity accounting in joint ventures. Excluding the one-off gain, Keong Hong ...