3Q earnings

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 ...
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, ...
Valuetronics' smart lighting business looks dim in near term
SINGAPORE (Feb 19): Valuetronics, the provider of integrated electronics manufacturing services (EMS), reported 3Q19 earnings rose 2.6% to HK$59.7 million ($10.3 million) from a year ago. This comes on the back of a 7.5% decline in revenue to HK$729.6 million. In 9M19, earnings came in 2.6% lower y-o-y at HK$153.7 million. See: Valuetronics posts 3Q earnings up by 2.6% to $10.3 mil ...
Singapore Air kept at 'buy' by analysts on expected earnings improvement
SINGAPORE (Feb 18): Despite a 27% drop in its 3Q19 earnings to $284.1 million, Singapore Airlines (SIA) is a still a “buy” in analysts’ books. Revenue for the quarter was 6.5% higher y-o-y at $4.34 billion though, mainly on growth in passenger demand with passenger yields being flat. For 9M19, group earnings came in at $480.1 million, 53% lower than its 9M18 earnings of $1.02 ...
Singapore Airlines posts 27% drop in 3Q earnings to $284 mil on higher fuel costs
SINGAPORE (Feb 15): Singapore Airlines (SIA) reported 3Q19 earnings declined 27% to $284.1 million, compared to $389.2 million in 3Q18. For 9M19, group earnings came in at $480.1 million, 53% lower than its 9M18 earnings of $1.02 billion. Revenue for the quarter was 6.5% higher at $4.34 billion from $4.08 billion in the previous year, largely driven by a 7.7% y-o-y growth in passenger ...
KSH Holdings posts 36% drop in 3Q earnings to $6.1 mil
SINGAPORE (Feb 14): KSH Holdings reported 3Q19 earnings declined 35.8% to $6.08 million from $9.47 million in 3Q18. In 9M19, the group’s earnings came up to $16.4 million, 16.2% lower than $19.6 million in 9M18. Total revenue for the quarter was 80.6% higher at $65.5 million from $36.3 million last year, supported by an 84.1% y-o-y increase in project revenue to $64.2 million, but ...
SATS is back on favoured ground
SINGAPORE (Feb 14): Analysts are keeping a rather positive stance on SATS following its 3Q19 results announcement on Wednesday. The group posted a 3.5% y-o-y increase in its 3Q19 earnings to $68.9 million, on the back of a 5.5% increase in revenue to $464.0 million. Share of results of associates/joint ventures for the quarter also came in 51.1% higher y-o-y at $20.7 million. This was due ...
SunMoon sinks deeper into the red as 3Q losses widened by 58% to $1.85 mil
SINGAPORE (Feb 14): SunMoon Food Company announced that its 3Q19 losses have widened 58% to $1.85 million, compared to $1.29 million in 3Q18. This brings 9M19 losses to $3.35 million, compared to earnings of $1.08 million in 9M18. During the quarter, revenue was 88% higher at $20.3 million from $10.8 million a year ago, mainly due to sales to Shanghai YiGuo E-Commence and its related ...
Cortina posts 64% jump in 3Q earnings to $9.2 mil on lower expenses
SINGAPORE (Feb 13): Luxury watch retailer Cortina Holdings saw its earnings jump 64% to $9.2 million for the 3Q19 ended December, from $5.6 million a year ago. This was mainly due to an 11% decline in expenses from purchase of goods and consumables to $90.6 million, and a 37% drop in other expenses to $3.3 million. 3Q19 revenue inched 1% higher to $123.9 million, from $122.9 million a year ...
Boustead Singapore posts 12% rise in 3Q earnings to $8.7 mil on higher revenue
SINGAPORE (Feb 13): Boustead Singapore saw its earnings grow 12% to $8.7 million for the 3Q19 ended December, from $7.8 million a year ago. 3Q19 revenue jumped 43% to $145.6 million, from $102.2 million a year ago. This was led by a 70% increase in revenue to $81.3 million from its Real Estate Solutions division, under Boustead Projects.   Revenue from the group’s Energy-Related ...