3Q17 earnings

Keppel Infrastructure Trust reports flat 3Q DPU of 0.93 cent
SINGAPORE (Oct 16): The trustee-manager of Keppel Infrastructure Trust (KIT) has declared distribution per unit (DPU) of 0.93 cent for the 3Q ended September, unchanged from a year ago. Group revenue for 3Q17 was flat at $160.3 million, as lower revenue from the concessions, Basslink, and CityNet was offset by higher revenue from City Gas. The concessions, comprising Senoko WTE, Tuas WTE, ...
SPH earnings fall 45% to $28.9 mil in 3Q
SINGAPORE (July 14): Singapore Press Holdings (SPH) posts earnings of $28.9 million for the third quarter ended May, falling 45.2% from earnings of $52.7 million a year ago. This was partially due to a $9.4 million increase in impairment charges to $37.8 million on goodwill and intangibles, primarily related to the magazine business. The group recognised impairment charges of $28.4 million a ...
Second Chance Properties 3Q earnings up 72% to $5.4 mil on one-off gains
SINGAPORE (June 29): Second Chance Properties posted earnings of $5.4 million for the third quarter ended May, up 72.3% from $3.1 million a year ago. This was mainly attributable to a four-fold increase in other income to $2.8 million, from $0.7 million in 3Q16, comprising mainly of profit on disposal of securities. During the period, the company accepted cash offer on de-listing of one of ...
Silverlake posts six-fold increase in 3Q earnings to $128.7 mil on one-off gain
SINGAPORE (May 15): Silverlake Axis saw earnings in the third quarter ended March increase by more than six fold to RM398.4 million ($128.7 million), compared to RM61.5 million a year ago. This increase was mainly attributed to a one-off gain of RM477.7 million on the disposal of 34.9 million shares in Global InfoTech Co (GIT) during the quarter. Group revenue in 3Q17 fell 21% to RM124.4 ...
Lum Chang 3Q earnings fall 40% to $4.2 mil
SINGAPORE (May 12): Lum Chang Holdings posted a 40% drop in earnings to $4.2 million in the third quarter ended March, from $6.9 million a year ago. Revenue grew 27% to $98.2 million in 3Q17, from $77.1 million in the corresponding quarter last year. This was mainly due to revenue of $68.2 million recognised for two construction projects during the quarter. This was partially offset by ...
OKH Global sinks into the red in 3Q17
SINGAPORE (May 12): Integrated property developer OKH Global sank to loss of $25.0 million in the third quarter ended March, compared to earnings of $3.0 million in the corresponding period last year. This was mainly due to higher cost incurred in its development projects. General and administrative expenses surged to $26.6 million in 3Q, from $4.7 million a year ago. These were largely ...
Grand Banks Yachts sinks to net loss in 3Q
SINGAPORE (May 11): Grand Banks Yachts sank to a net loss of $1.1 million in the third quarter ended March, compared to earnings of $375,000 in the corresponding quarter last year. Revenue fell 23.6% to $13.2 million, from $17.3 million a year ago. This was mainly due to a boat swap resulting in a reversal of revenues to reflect the different stages of the two boats. In addition, the ...
Ryobi Kiso 3Q earnings fall by 60% to $0.1 mil
SINGAPORE (May 9): Ryobi Kiso Holdings posted earnings of $106,000 for the third quarter ended March, a decline of 59.7% compared to earnings of $263,000 a year ago. This was mainly due to decrease in revenue and higher cost incurred for certain projects during the quarter. Revenue fell 6.3% to $39.6 million in 3Q17, from $42.2 million a year ago. The decline in revenue was mainly due to ...
New Silkroutes 3Q net loss narrows
SINGAPORE (May 9): New Silkroutes Group posted a net loss of US$294,000 ($413,000) for the third quarter ended March, improving from a loss of US$1.2 million a year ago. Revenue surged to US$125.4 million in 3Q17, compared to US$10.2 million a year ago. This is mainly attributable to the increased oil sales by NSG’s wholly-owned oil trading subsidiary, International Energy ...
Hupsteel swings back to profitability in 3Q
SINGAPORE (May 5): Hupsteel has reversed out of the red in the third quarter ended March with earnings of $243,000, from a net loss of $372,000 a year ago. Revenue in 3Q dipped 4% to $11.5 million, compared to $12.0 million a year ago. This was mainly due to the lower sale of steel products to the marine and oil & gas sectors due to the sustained global slump in demand. Despite the ...