1H18

Synagie posts wider 1H18 loss of $3.4 mil on one-off expenses

SINGAPORE (Sept 12): Synagie Corporation reported wider losses of $3.4 million in 1H18 compared to $1.1 million a year ago on higher administrative expenses that included IPO-related overheads, among other one-off costs.

This comes despite more than double revenue of $6.9 million compared to $3 million in 1H17, driven mainly by higher online sales of brand partner products, an increase in the number of the group’s brand partners as compared to a year ago, as well as new revenue contribution from its Insurtech business segment.

Koufu announces maiden post-IPO results with $6.2 mil earnings for 2Q

SINGAPORE (Aug 29): Koufu Group reported 2Q18 earnings of $6.2 million, down by 2.6% from $6.3 million a year ago on higher property-related expenses and depreciation charges.

This brings the group’s earnings for 1H18 to $12.4 million, representing a 1.4% decline from $12.5 million in 1H17 due to similar reasons.

Together, Koufu’s 2Q18 and 1H18 financials make up the group’s maiden results announcement since it commenced trading on 18 July this year.

IHH Healthcare still a promising 'buy' after 2H earnings disappointment, says CGS-CIMB

SINGAPORE (Aug 29): CGS-CIMB Research is maintaining its “add” recommendation on IHH Healthcare with a lower target price of RM6.63 ($2.21) compared to RM6.86 previously, even as the dual-listed Malaysian private healthcare operator’s 2H18 results missed expectations slightly.

Katrina posts 97% lower 1H earnings on higher costs and outlet closures, says approaching 'critical mass'

SINGAPORE (Aug 14): Katrina Group announced earnings of $11,000 for the 1H ended June, down 96.7% from $0.3 million in 1H17 earnings a year ago due to higher costs and the closure of non-performing outlets .

Revenue for 1H18 increased by 11.2% to $30.8 million as the group increased its overall outlet count, while its online revenue continued to grow.

Cost of sales however grew by 13.2% to $28.5 million compared to $25.1 million a year ago due to the opening of new outlets, resulting in higher utilities, rental and employee benefit costs.

Fragrance Group posts near-doubling of 2Q earnings on revenue surge

SINGAPORE (Aug 8): Fragrance Group has reported a near-doubling of 2Q earnings to $6.8 million from $3.8 million a year ago due to higher revenue.  

This brings the property developer’s earnings for 1H18 to a total of $15.3 million, up 66.8% from 1H17 earnings of $9.2 million previously.

MindChamps 2Q earnings double to $1.3 mil on higher revenue; to acquire 2 preschool centres in Sydney

SINGAPORE (Aug 6): MindChamps Preschool saw a near doubling of 2Q earnings to $1.3 million from $0.7 million in 2Q17 on higher revenue.

This brings the company’s earnings for the 1H ended June to $1.6 million, up 16% from its 1H17 earnings of $1.4 million previously.

Perennial Real Estate's 2Q earnings drop by half to $8.6 mil despite revenue growth

SINGAPORE (Aug 3): Perennial Real Estate Holdings reported 2Q18 earnings of $8.6 million for 2Q ended June, halving from the group’s 2Q17 earnings of $17.1 million due to a comparatively lower fair value gain and higher finance costs than a year ago.

Revenue for 2Q grew 1.6% to $18.1 million due to the consolidation of Capitol Singapore’s revenue with effect from May 2018 and improved performance from Perennial Qingyang Mall and Perennial Jihua Mall.

Jardine Matheson posts 6% higher 1H18 earnings of $1.1 bil on higher revenue

SINGAPORE (July 30): Jardine Matheson reported 1H18 earnings of US$792 million ($1.1 billion), up 6% from its half-year earnings of US$744 million a year ago on higher revenue.

An interim dividend of 42 US cents per share has been declared, 5% higher than the 40 US-cent dividend declared for 1H17.

Revenue for the period was 14% higher y-o-y at US$21.3 billion.

The group attributes the growth in topline to strong performances from Astra and Jardine Cycle & Carriage.

Dairy Farm posts 6% growth in 1H earnings to $306.2 mil on higher sales

SINGAPORE (July 26): Dairy Farm International (DFI), a member of the Jardine Matheson Group, announced earnings of US$225 million ($306.2 million) for the half-year ended June, up 6% from its 1H17 restated earnings of US$212 million a year ago on higher consolidated sales.  

An unchanged interim dividend of 6.5 US cents per share has been declared for the period under review.

Growth potential & good fundamentals keep Keppel DC REIT at 'buy'

SINGAPORE (July 18): DBS Vickers Securities and CGS-CIMB Research are maintaining their respective “buy” and “add” calls on Keppel DC REIT with target prices of $1.52 and $1.49, after the REIT’s 2Q results came in line with both research houses’ expectations.

Be informed of the stories that matter