earnings

CCT reports 3.8% higher 1Q DPU of 2.20 cents on higher property contributions
SINGAPORE (April 19): The manager of CapitaLand Commercial Trust (CCT) has reported a 1Q19 distribution per unit (DPU) of 2.20 cents, rising 3.8% y-o-y from 2.12 cents due to higher contributions from Gallileo and Asia Square Tower 2. Gross revenue and net property income (NPI) for the quarter increased by 3.5% and 3.4% to $99.8 million and $79.8 million, respectively. This comes after ...
Keppel Corp posts 40% drop in 1Q earnings to $203 mil on lower one-off gains
SINGAPORE (Apr 18): Keppel Corporation saw its earnings fall 39.9% to $202.9 million for the 1Q19 ended March, from $337.5 million a year ago. The decline was mainly attributable to the absence of a $289 million gain in 1Q18 arising from the en bloc sale of Keppel Cove in Zhongshan, China. In 1Q19, the group recorded gains of $174 million from the divestment of a 70% interest in Dong Nai ...
Soilbuild REIT posts 9.5% drop in 1Q DPU to 1.198 cents despite higher revenue
SINGAPORE (Apr 17): The manager of Soilbuild Business Space REIT (Soilbuild REIT) has announced distribution per unit (DPU) of 1.198 cents for the 1Q19 ended March, some 9.5% lower than DPU of 1.324 cents a year ago. Income attributable to unitholders fell 8.7% to $12.7 million in 1Q19, from $14.0 million a year ago. The manager says that this was due to property operating expenses, finance ...
Keppel REIT reports 2.1% drop in 1Q DPU to 1.39 cents
SINGAPORE (Apr 17): The manager of Keppel REIT has declared distribution per unit (DPU) of 1.39 cents for the 1Q19 ended March, some 2.1% lower than DPU of 1.42 cents a year ago. Distributable income fell 1.9% to $47.3 million for 1Q19, from $48.2 million a year ago. The decline was mainly attributable to the impact of occupancy changes, a weaker Australian dollar, and lower income ...
Keppel-KBS US REIT falls short of IPO forecast with 1Q DPU of 1.50 US cents on enlarged base
SINGAPORE (Apr 16): The manager of Keppel-KBS US REIT (KORE) has announced distribution per unit (DPU) of 1.50 US cents (2.03 cents) for the 1Q19 ended March, unchanged from a year ago. Actual 1Q19 DPU was 5.1% lower than the IPO forecast of 1.58 US cents, mainly due to an enlarged number of units. Income available for distribution rose 30.7% to US$12.4 million in 1Q19, from US$9.5 million ...
Keppel Infrastructure Trust declares unchanged 1Q DPU of 0.93 cents; sinks to 1Q loss of $16.2 mil on Ixom acquisition
SINGAPORE (Apr 15): The trustee-manager of Keppel Infrastructure Trust (KIT) has announced a total distribution per unit (DPU) of 0.93 cents for the 1Q19 ended March, unchanged from a year ago. This translates to an annualised distribution yield of 8.0%, based on KIT’s closing price of 46.5 cents on Mar 31, 2019. KIT saw $16.2 million in losses attributable to unitholders in 1Q19, ...
Keppel DC REIT reports 6.7% rise in 1Q DPU to 1.92 cents on new acquisitions
SINGAPORE (Apr 15): The manager of Keppel DC REIT has announced distribution per unit (DPU) of 1.92 cents for the 1Q19 ended March, some 6.7% higher than DPU of 1.80 cents a year ago. This implies a distribution yield of 5.1% for Keppel DC REIT, based on the closing price of $1.50 on the last trading day of 1Q19. 1Q19 distributable income jumped 29.9% to $27.1 million, from $20.9 million a ...
Lian Beng posts 55% drop in 3Q earnings to $3.6 mil
SINGAPORE (Apr 12): Construction firm Lian Beng Group saw its earnings fall 55.3% to $3.6 million for the 3Q19 ended February, from $8.1 million a year ago. The decline was mainly attributable to share of loss of associates and joint ventures of $3.1 million in 3Q19, compared to share of gain of associates and joint ventures of $2.5 million a year ago. This was mainly due to losses recorded ...
HC Surgical posts fivefold increase in 3Q earnings to $4.5 mil led by one-off fair value gain
SINGAPORE (Apr 9): Medical services provider HC Surgical Specialists saw its earnings surge five-fold to $4.5 million for the 3Q19 ended February, from $0.9 million a year ago. This was mainly attributable to a fair value gain on financial assets of $2.9 million during the quarter, arising due to recognition of financial assets following a reclassification in line with the group’s adoption ...
Low Keng Huat posts 34% lower 4Q earnings of $3.5 mil on revenue decline
SINGAPORE (April 2): Low Keng Huat has announced 4Q18 earnings of $3.5 million, declining 34% y-o-y from $5.3 million on the back of lower revenue.    This brings the property developer’s FY18 earnings of $15.4 million, down 13% from $17.8 million a year ago due to lower overall profit from its development and investment segments. Over the latest 4Q, revenue fell 69% to $8.9 ...