2Q results

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 ...
SunMoon's 2Q losses widen to $2.62 mil due to higher cost of sales
SINGAPORE (Nov 14): SunMoon Food Company reported 2Q18 losses widened to $2.62 million, compared to losses of $990,000 in 2Q17. This brings 1H18 losses to $3.48 million, compared to earnings of $834,000 in 1H17. Revenue for the quarter came in at $14.3 million, 44% higher than $9.92 million in the previous year, mainly due to sales to Shanghai YiGuo E-Commence and its related companies. The ...