1H17 results

Genting HK sinks deeper into the red in 1H

SINGAPORE (Aug 18): Genting Hong Kong sank deeper into the red with a net loss of US$203.2 million ($277 million) for the 1H17 ended June, compared to a loss of US$54.6 million in the same period a year ago.

Loss per share was 2.38 US cents, up from 0.63 US cents a year ago.

This came on the back of higher operating expenses and higher depreciation and amortisation.

Bumitama Agri posts higher 2Q and 1H earnings on higher average CPO selling price and higher sales volume

SINGAPORE (Aug 14): Bumitama Agri has recorded a 170.4% and 70.4% increase in 2Q17 and 1H17 earnings to IDR 337 billion ($34.4 million) and IDR 659 billion, respectively.

The improved earnings was mainly due to higher average selling price and higher sales volume from the recovery in palm production compared to the previous corresponding period.

Singapore O&G 1H earnings fall 6.4% to $4.1 mil

SINGAPORE (Aug 10): Singapore O&G, the specialist in women’s and children’s healthcare, announced 1H17 earnings fell 6.4% to $4.1 million from $4.4 million a year ago.

Revenue increased by 2.2% to $14.2 million over the same period last year but EBITDA declined marginally by S$0.2 million or 3.8%, resulting in a corresponding decrease in net profit after tax margin from 31.8% for 1H16 to 29.1% for 1H17.

Spackman Entertainment swings back into the black in 1H

SINGAPORE (Aug 10): Spackman Entertainment Group, the Korean entertainment production groups, recorded a net profit of US$4.4 million ($6 million) in 1H17 compared to a net loss of US$3.5 million in 1H16.

Revenue increased 38% year-on-year to US$10.5 million for 1H17 mainly as a result of an increase of US$2.2 million from distribution of films and others, an increase of US$0.3 million from leasing equipment business of Frame Pictures Co. and an increase of US$0.3 million from production of films.

Aspial half-year losses narrow to $0.2 mil

SINGAPORE (Aug 9): Aspial Corp, the jewellery retail, property and financial services group, reported half-year losses narrowed to $0.2 million from $3.3 million a year ago.

Revenue for the half year fell 10% to $245.5 million mainly due to lesser development projects in 2017 and lower sales from the jewellery business. The financial services business however continued to record higher revenue.

Manulife US REIT reports 1H17 DPU of 3.23 cents, 8% higher than forecast

SINGAPORE (Aug 8): The manager of Manulife US REIT, the first pure-play US office REIT listed in Asia, today announced a 2Q17 DPU of 1.58 US cents, exceeding IPO prospectus projection of 1.47 US cents by 7.5%.

This brings DPU of 1H17 to 3.23 US cents versus the projected 2.99 US cents.

Advancer Global posts 19.3% rise in 1H17 earnings to $2.3 mil

SINGAPORE (Aug 7): Advancer Global, the integrated workforce solutions and services provider, announced that it has registered a growth of 19.3% in 1H17 earnings to $2.3 million from a year ago.

Yangzijiang Shipbuilding reports 73% rise in 2Q earnings to $146 mil

SINGAPORE (Aug 7): Yangzijiang Shipbuilding reported 2Q earnings of RMB719.9 million ($146 million) for 2Q17 ended June, 73% higher than the RMB415.4 million a year ago.

See: From worst to best: Chinese shipbuilder Yangzijiang's fortunes turn around

Total group revenue increased 27% to RMB3.8 billion in 2Q17. Four vessels were delivered in the quarter, compared to seven delivered in 2Q16.

China Everbright Water 1H earnings rise 41% to $44.4 mil

SINGAPORE (Aug 7): China Everbright Water, the environmental protection company, reported 41% higher 1H17 earnings ended June of HK$255 million ($44.4 million) from HK$180.6 million from a year ago.

For 1H17, the group reported revenue of HK$1.6 billion, an increase of 24% as compared to the corresponding period in last year, which was mainly attributable to the increase in construction revenue.

Serial System swings back to profitability in 1H

SINGAPORE (Aug 4): Serial System, the distributor of electronic components and consumer products, posted earnings of US$6.1 million ($8.3 million) in 1H17 compared to a loss of US$3.3 million in 1H16 on higher margins and smaller losses from associates.

The group’s total revenue of US$706.9 million in 1H17 was 1% lower compared to US$711.4 million a year ago. Revenue from electronic components distribution business increased 17% to US$677.3 million on growth in Hongkong, China and South Asia Pacific.

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