1Q17 earnings

Sale of AXA Towers, CHIJMES would be icing on the cake for BreadTalk’s share price
SINGAPORE (June 9): DBS Vickers Securities is reiterating its “buy” recommendation on BreadTalk Group with a higher target price estimate of $1.92 on the belief that the group’s earnings will continue to turn around and deliver growth. “[BreadTalk’s] 1Q17 earnings have validated that its foodcourt business is on track for a turnaround,” notes lead analyst Alfie Yeo in a Friday ...
Yanlord Land 1Q earnings more than triple to $190 mil
SINGAPORE (May 15): China-based real estate developer Yanlord Land Group posted a more than three-fold surge in earnings to RMB 934.1 million ($189.9 million) for the first quarter ended March, from RMB 260.1 million a year ago. Group revenue in 1Q17 increased by 122% to RMB 6.3 billion, from RMB 2.9 billion in the corresponding period last year. This was mainly attributable to a ...
Sinarmas Land 1Q earnings more than double to $37.2 mil
SINGAPORE (May 15): Sinarmas Land saw earnings in the first quarter ended March more than double to $37.2 million, compared to $15.7 million a year ago. The increase was on the back of higher revenue from its Indonesia division and better operating performance from higher sales of residential units in its joint venture developments. Group revenue in 1Q17 grew 31.8% to $237.1 million, from ...
ComfortDelGro 1Q earnings up 12% to $82.5 mil on one-off gain
SINGAPORE (May 12): ComfortDelGro saw earnings for the first quarter ended March increase by 12.4% to $82.5 million, from $73.4 million a year ago. This was mainly attributable to a $10.5 million increase in net income from investments to $13.7 million, due to $11.1 million in special dividends from Cabcharge Australia, offset by a decrease in interest income of $0.6 million. Group revenue ...
First Resources posts nine-fold increase in 1Q earnings to US$48.5 mil
SINGAPORE (May 11): First Resources saw earnings in the first quarter ended March surge by 807.0% to US$48.5 million ($68.4 million), from US$5.3 million a year ago. This was mainly driven by higher palm oil prices in 1Q, as well as improved production volumes and yields. Revenue grew by 71.6% to US$194.1 million in 1Q, from US$113.1 million in the corresponding quarter last year. This ...
IREIT Global posts 8.9% decline DPU of 1.44 cents for 1Q
SINGAPORE (May 11): The manager of IREIT Global posts distribution per unit (DPU) of 1.44 cents for the first quarter ended March, some 8.9% lower than DPU of 1.58 cents a year ago. This was mainly due to the retention of part of the distributable income for the period, in accordance with IREIT's distribution policy. Income available for distribution grew 1.4% to €6.5 million ($10.0 ...
CSE Global 1Q earnings fall 46% to $3.0 mil on lower revenue
SINGAPORE (May 11): CSE Global saw earnings of $3 million in the first quarter ended March, a 45.5% decrease from earnings of $5.5 million a year ago. Revenue fell 11.5% to $74.5 million, from $84.2 million in the same quarter last year. This was mainly attributed to lower revenues achieved in the Americas and Europe, Middle East & Africa (EMEA) regions, mainly a result of delays in ...
Tiong Seng 1Q earnings up 9% to $4.1 mil
SINGAPORE (May 11): Tiong Seng Holdings posted a 9.4% increase in earnings to $4.1 million in the first quarter ended March, from $3.7 million a year ago. This was mainly attributable to a share of profit from joint ventures of $0.7 million in 1Q17, compared to a loss of approximately $0.7 million a year ago. Revenue decreased by 16.0% to $207.7 million in 1Q17, from $247.2 million a year ...
Challenger 1Q earnings fall 15% to $3.2 mil on lower revenue
SINGAPORE (May 9): Challenger Technologies posted a 15% decline in earnings to $3.2 million for the first quarter ended March, from $3.8 million a year ago, on the back of lower revenue. Revenue in 1Q17 fell 15% to $76.5 million, compared to $90.4 million in the corresponding quarter last year. This was primarily due to weaker performance from retail operations, as well as lower revenue ...
Straco 1Q earnings up 7% to $8.9 mil on higher revenue
SINGAPORE (May 9): Straco Corporation posted earnings of $8.9 million for the first quarter ended March, an increase of 6.9% from $8.3 million a year ago. Revenue grew 4.2% to $27.5 million in 1Q17, from $26.4 million a year ago. This was attributable to higher revenues from increased visitation to its three attractions in China and better yield at Singapore Flyer. Overall visitation to ...