1Q earnings

Kingsmen posts 47.4% drop in 1Q earnings to $0.2 mil on higher expenses
SINGAPORE (May 15): Kingsmen Creatives saw earnings decline 47.4% to $234,000 in 1Q19 from $445,000 in 1Q18 on higher expenses. This was despite a 25.7% increase in revenue to $76.7 million from $61.0 million a year ago. The Exhibitions & Thematic division saw an 11.9% y-o-y increase in revenue to $33.4 million, with the key contributors including major event and projects, such as ...
UMS posts 38% drop in 1Q earnings to $7 mil on lower revenue
SINGAPORE (May 15): UMS Holdings reported 1Q19 earnings fell 38% to $7.0 million from $11.4 million in 1Q18. This came on the back of a 24% declined in revenue to $28.6 million from $37.5 million a year ago, due to a 27% y-o-y drop in the group’s semiconductor business to $27.0 million. Within the semiconductor segment, revenue from its integrated systems business decline 32% y-o-y to ...
Delfi posts 21.6% growth in 1Q earnings to $12.6 mil on higher revenue
SINGAPORE (May 14): Delfi reported 1Q19 earnings ended March increased 21.6% to US$9.2 million ($12.6 million) from US$7.6 million in 1Q18. Revenue for 1Q19 was 19.5% higher at US$128.2 million from US$107.3 million a year ago, with higher revenue contribution from both Indonesia and regional markets. Building on the positive momentum from FY18, the group’s Own Brands sales increased ...
EC World REIT's positive 1Q earnings and accretive acquisition of Fuzhou E-Commerce keep it at 'buy'
SINGAPORE (May 14): EC World REIT (ECW REIT) on May 10 announced a 2.2% increase in its 1Q19 DPU to 1.501 cents, compared to 1.469 cents in 1Q18. Distribution to unitholders was $11.9 million, 3.1% higher compared to the same quarter last year. Gross revenue came in 0.3% lower y-o-y at $23.9 million, bringing net property income (NPI) to $21.2 million, 1.4% lower y-o-y. These were mainly ...
Tiong Seng posts 73% drop in 1Q earnings to $1.3 mil
SINGAPORE (May 13): Tiong Seng Holdings announced that its 1Q19 earnings have dropped by 73% to $1.3 million, compared to $4.9 million in 1Q18. Total revenue for the period dropped 37% to $89.3 million from $140.8 million a year ago, this was mainly due to lower revenue contributions from all of the group’s business segments – construction contracts, sales of development properties and ...
Fragrance Group sinks into the red with 1Q loss of $3.7 mil on lower revenue, higher finance costs
SINGAPORE (May 13): Fragrance Group recorded a loss of $3.7 million in 1Q19, compared to earnings of $8.5 million in 1Q18. This came on the back of a 78% fall in revenue to $14.5 million from $65.7 million a year ago, mainly due to lower revenue contribution from the group’s property development and commercial investment segments. The group’s property development segment saw revenue ...
Food Empire posts 6.6% increase in 1Q earnings to $10.5 mil on lower expenses
SINGAPORE (May 10): Food Empire announced that its 1Q19 earnings rose 6.6% to US$7.7 million ($10.5 million) from US$7.2 million in 1Q18. Revenue was 2% lower at US$70.7 million from US$72.1 million a year ago. Sales from Russia dropped 4.4% y-o-y to US$29.2 million, mainly due to the depreciation of the RUB against the USD, despite revenue increasing in local currency terms. Sales from ...
UOL posts 5% decrease in 1Q earnings to $72.4 mil
SINGAPORE (May 10): UOL Group reported 1Q19 earnings of $72.4 million, 5% lower from $76.1 million in 1Q18, supported by a higher proportion of overseas profits with higher taxes and profits with higher non-controlling interests. However, excluding the accounting reversal of $31.9 million relating to UIC consolidation, earnings would have increased by 27% to $104.3 million. Revenue ...
Singapura Finance's 1Q earnings surge more than threefold to $4.1 mil on higher interest income and writeback on loan impairment losses
SINGAPORE (May 10): Singapura Finance reported 1Q19 earnings surged more than threefold to $4.1 million from $1.2 million in 1Q18. Interest income and hiring charges saw a 19.6% increase to $8.7 million from $7.3 million a year ago. As interest expense increased by 13.3% y-o-y to $2.2 million, net interest and hiring charges came in at $6.5 million, 21.8% higher than $5.3 million last year, ...
Wilmar posts 26% rise in 1Q earnings to $351 mil on improvements in tropical oils and sugar segments
SINGAPORE (May 10): Wilmar International reported 1Q19 earnings came in at US$257.0 million ($350.5 million), 26.4% higher than the US$203.3 million recorded in 1Q18. The stronger bottom line was driven by better results in the Tropical Oils and Sugar segments. Tropical Oils benefitted from improved margins and sales volume in its manufacturing and merchandising businesses. Stronger ...