2Q earnings

UG Healthcare's latest expansion expected to drive 2H earnings: RHB
SINGAPORE (Mar 12): RHB is reiterating its “buy” call on UG Healthcare with a target price of 32 cents. In a Monday report, analyst Leng Seng Choon says, “After clarifications with management, we remain bullish on UG given its capacity expansion, which will drive volume production and earnings.” For 2Q19, UG Healthcare recorded earnings of $0.28 million, 73.1% lower than $1.04 ...
Silverlake Axis doubles 2Q earnings to $22.5 mil; proposes second interim dividend of 0.4 cent per share
SINGAPORE (Feb 14): Silverlake Axis, a provider of digital economy solutions and services, saw its earning double to 67.5 million ringgit ($22.5 million) in the 2Q19 ended December, from 34.0 million ringgit a year ago. 2Q19 revenue grew 20% to 169.0 million ringgit, from 141.4 million ringgit a year ago. This was led by an increase in revenue from maintenance and enhancement services, ...
Civmec posts 76.3% drop in 2Q earnings to $1.22 million on lower revenue and higher finance costs
SINGAPORE (Feb 14): Civmec announced 2Q19 earnings fell 76.3% to A$1.26 million ($1.22 million) compared to A$5.31 million in 2Q18. This brings 1H19 earnings to A$5.81 million, 24.0% lower than A$7.65 million in 1H18. Revenue for 2Q19 declined 21% to A$134.9 million from A$170.7 million a year ago, due to projects completing in the period. As cost of sales also dropped by 20.4% y-o-y to ...
Near-term growth may be uninspiring for Health Management International but long-term growth is on track
SINGAPORE (Feb 13): UOB Kay Hian is maintaining its “buy” call on Health Management International (HMI) with a target price of 73 cents. This came on the back of the group announcing its 2Q19 results, which saw earnings drop by 28% y-o-y to RM11.3 million ($3.76 million), despite an 11% increase in turnover. The decline in earnings was mainly due to higher distribution and marketing costs, ...
800 Super posts 25% drop in 2Q earnings to $1.9 mil on higher expenses
SINGAPORE (Feb 12): Waste disposal company 800 Super Holdings saw its earnings fall 24.8% to $1.9 million for the 2Q19 ended December, compared to earnings of $2.5 million a year ago. This was mainly due to purchase of supplies and disposal charges, which nearly doubled to $11.3 million in 2Q19, from $5.7 million a year ago, due to expenses incurred in the operations of the public waste ...
iX Biopharma 2Q losses widen 11% to $3.6 mil
SINGAPORE (Feb 12): Specialty pharmaceutical and nutraceutical firm iX Biopharma has reported a net loss of $3.6 million in 2Q19, an increase of 11% compared to a net loss of $3.2 million in 2Q18. This brings its net losses for 1H19 to $6.8 million, 7% higher than a net loss of $6.4 million in 1H18. During the quarter, revenue fell by 12% to $1.5 million from $1.8 ...
Oxley posts 33% drop in 2Q earnings to $45.2 mil
SINGAPORE (Feb 11): Oxley Holdings has reported a 33% decline in earnings to $45.2 million for the 2Q19 ended December, from $68.0 million a year ago. 2Q19 revenue fell 12% to $355.5 million, from $406.1 million a year ago, mainly due to lower revenue contribution from the project in the UK. Gross profit fell 33% to $46.4 million in 2Q19, as gross profit margin fell 4 percentage points due ...
Health Management International posts 28% decline in 2Q earnings to $3.8 mil on higher costs
SINGAPORE (Feb 11): Health Management International (HMI) recorded a 28% drop in it 2Q19 earnings to RM11.3 million ($3.76 million), compared to RM15.7 million in 2Q18. This brings 1H19 earnings to RM21.9 million, 26% lower than RM29.5 million in 1H18. During the quarter, turnover was 11% higher at RM128.6 million from RM116.0 million a year ago, mainly attributable to higher contribution ...
FJ Benjamin posts 32% drop in 2Q earnings to $0.66 mil on lower forex gain
SINGAPORE (Jan 31): FJ Benjamin announced that its 2Q19 earnings have declined by 32% to $656,000, compared to $961,000 in 2Q18. This came on the back of a 26% fall in turnover to $37.4 million from $50.5 million a year ago, mainly attributable to a the group’s discontinued loss-making business which has ceased operations and lower sales from its Indonesian associate who is now financing ...
SLB Development sinks to net loss of $0.3 mil in 2Q on lower revenue
SINGAPORE (Jan 14): SLB Development has reported a net loss of $0.27 million for the 2Q19 ended November, compared to earnings of $8.9 million a year ago. This extends SLB’s net loss for 1H19 to $3.1 million, down from earnings of $12.6 million in the corresponding period a year ago. The property developer, which was spun off from construction company Lian Beng, saw its revenue plunge ...