3Q earnings

Jumbo's rapid expansion may have caused 3Q earnings miss but growth thesis stays intact

SINGAPORE (Aug 13): Jumbo Seafood restaurants serve up Singaporean-style Chinese seafood cuisine that is popular with locals and tourists alike.

But instead of having them travel all the way to the republic to enjoy chilli crab and drunken prawns, Jumbo has gone to Bangkok, Fuzhou, Ho Chi Minh, Taipei, Taichung and Seoul, bringing the total number of restaurants across Asia to 18.

SPH posts 44.1% drop in 3Q earnings to $26.2 mil as media business continues to face challenges

SINGAPORE (July 12): Singapore Press Holdings (SPH) saw its earnings fall 44.1% to $26.2 million for the 3Q19 ended May, compared to $46.9 million a year ago.

Earnings per share (EPS) fell to 2 cents for 3Q19, from 3 cents in 3Q18.

Total revenue for the quarter came in at $249.6 million, 2.1% lower than $254.9 million in the previous year.

Second Chance posts 12.5% increase in 3Q earnings to $2.3 mil on higher sales

SINGAPORE (June 28): Second Chance Properties reported 3Q19 earnings increased by 12.5% to $2.3 million, compared to $2.1 million in 3Q18.

This brings earnings for 9M19 to $4.4 million, 30.0% lower than $6.3 million in 9M18 on lower other income mainly on foreign exchange gain and loss and absence of profit from sale of investment properties.

During the quarter under review, revenue came in at $10 million, 2.6% higher than $9.7 million last year.

Top Glove posts 36.5% drop in 3Q earnings to $24.2 mil on higher expenses

SINGAPORE (June 18): Top Glove, the largest glove manufacturer in the world, recorded earnings of RM73.7 million ($24.2 million) for the 3Q19 ended May, some 36.5% lower than RM117.6 million a year ago.

Earnings per share (EPS) fell to 2.92 sen for 3Q19, compared to 4.64 sen for 3Q18.

The decline was mainly attributed to a 22% spike in the price of natural rubber latex price during the quarter, resulting in a mismatch between raw material cost and selling price.

Health Management International posts 15% drop in 3Q earnings to $4.4 mil on higher costs

SINGAPORE (May 13): Health Management International (HMI) announced that its 3Q19 earnings have dropped by 15% to RM13.4 million ($4.4 million), compared to RM15.9 million in 3Q18.

This brings 9M19 earnings to RM35.3 million, 22% lower than RM45.4 million in 9M18.

Turnover for the quarter increased by 8% to RM124.8 million from RM115.4 million a year ago.

Raffles Education posts 3Q losses narrowed by 84% to $0.6 mil

SINGAPORE (May 8): Raffles Education, the private education provider, reported 3Q19 losses narrowed to $0.6 million from losses of $4.0 million in 3Q18.

In 9M19, losses widened to $16.7 million from $11.3 million in 9M18 though.

Revenue for the quarter was 5% higher at $24.9 million from $23.8 million in the previous year.

During the period, the group recorded a loss of $0.2 million from share of results of associates compared to a gain of $1.8 million a year ago, mainly due to the divestment of property by Axiom Properties during the last financial year.

Analysts still upbeat on Starhill Global REIT despite mixed 3Q performance

SINGAPORE (Apr 29): Starhill Global REIT (SGREIT) posted 3Q19 DPU of 1.10 cents, 0.9% higher y-o-y.

But gross revenue was 0.9% lower y-o-y at $51.3 million, bringing net property income (NPI) to $39.6 million, 1.8% lower than $40.3 million last year.

See: Starhill Global REIT declares 0.9% increase in 3Q DPU to 1.10 cents

Singapore Exchange 3Q earnings dip 1% to $99.7 mil

SINGAPORE (Apr 25): Singapore Exchange (SGX) reported 3Q19 earnings of $99.7 million, 1% lower than $100.5 million in 3Q18.

However, on a year-to-date basis, 9M19 earnings came in at $287.2 million, 3% higher than $279.5 million in 9M18.

During the quarter, operating revenue increased by 3% to $228.8 million compared to $222.2 million in the previous year, mainly due to higher contribution from the exchange’s derivatives and market data & connectivity segments.

TEE International posts 89.3% rise in 3Q earnings but 9M still mired in losses

SINGAPORE (Apr 11): TEE International reported 3Q19 earnings rose by 89.3% to $708,000 million, compared to $374,000 in 3Q18.

The stronger bottomline also narrows its 9M losses to $5.03 million from $5.76 million a year ago.

Revenue for the quarter more than doubled to $134.1 million from $64.7 million last year, due mainly to the higher contribution of progressive revenue from on-going engineering projects and inclusion of revenue from the waste and recycling management subsidiaries.

Stamford Tyres posts 98% drop in 3Q earnings to $20,000

SINGAPORE (Mar 11): Stamford Tyres announced 3Q19 earnings declined by 97.90% to $20,000, compared to $953,000 in 3Q18.

This brings 9M19 earnings to $151,000, 96.64% lower than $4.50 million in 9M18.

Total revenue for the quarter was 14.21% lower at $54.1 million from $63.1 million a year ago.

The decline in turnover came as the group saw lower sales in South-east Asia and North Asia, while its joint ventures recorded lower sales in Hong Kong and India. Its India joint venture also posted a net loss for 9M19.

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