earnings

Singtel suffers first quarterly loss on $668 mil provision for Bharti Airtel's fine

SINGAPORE (Nov 18): Singapore Telecommunications recorded its first-ever quarterly loss — of $668 million — in 2QFY2020 as it made provisions for a huge fine levied on the Indian mobile industry by its regulator.

Bharti Airtel, Singtel’s associate in India, was slapped with a fine of US$3 billion ($5.5 billion), slightly less than Vodafone’s Indian unit’s fine of US$4 billion. The fine on the telcos was for their long-running dispute with the Department of Telecommunications regulator over the definition of “adjusted gross revenue”.

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Sembcorp posts 13% drop in 3Q earnings to $71 mil, dragged by poor-performing Sembmarine

SINGAPORE (Nov 14): Following a wider net loss incurred by its listed subsidiary Sembcorp Marine, Sembcorp Industries announced a weak set of results for 3Q19 ended Sept 30.

During the quarter, the company reported a 19% y-o-y decline in revenue to $2.45 billion, due to weaker revenue contributions from its energy and marine businesses.

Sembcorp says its energy business recorded a lower provision of energy products and related services from its operations in Singapore and UK. This was compounded by the absence of revenue contribution from South Africa post-divestment.

Yoma Strategic sinks to 2Q loss of $60 mil; announces deal to sell 20% stake to Ayala Corp

SINGAPORE (Nov 14): Yoma Strategic Holdings sank into the red with a net loss of US$44.2 million ($60.2 million) for 2Q20 ended September, compared to earnings of US$18.8 million a year ago.

On a fully diluted basis, this translates to loss per share of 2.33 US cents for 2Q20, compared to earnings per share of 0.99 US cents in 2Q19.

This brings the group’s net loss for 1H20 to US$57.5 million, compared to earnings of US$13.2 million in 1H19.

Yangzijiang Shipbuilding sees 10% drop in earnings to $136.3 mil

SINGAPORE (Nov 14): Mainboard-listed shipbuilder Yangzijiang Shipbuilding saw its earnings shrink 10% to RMB702.3 million ($136.3 million) in 3Q19 ended in September, from RMB778.6 million in 3Q18.

On a fully diluted basis, this translates to earnings per share (EPS) of 17.84 RMB cents, down from EPS of 19.73 RMB cents in 3Q18.

The decline was led by other losses of RMB44 million due to foreign exchange loss and fair value loss on derivative financial instruments in 3Q19, compared with a RMB284 million gain in 3Q18.

ComfortDelGro posts 10.8% drop in 3Q earnings to $70 mil

SINGAPORE (Nov 13): Mainboard-listed land transport operator ComfortDelGro Corporation saw its earnings fall 10.8% to $70.0 million for 3Q19 ended September, from $78.5 million in 3Q18.

On a fully diluted basis, this translates to earnings per share (EPS) of 3.23 cents for 3Q19, compared to EPS of 3.62 cents in 3Q18.

Centurion Corp posts 21% rise in 3Q earnings to $8.8 mil on higher revenue

SINGAPORE (Nov 12): Mainboard-listed dormitory operator Centurion Corporation saw its earnings increase 21% to $8.8 million for 3Q19 ended September, from $7.3 million a year ago.

On a fully diluted basis, this translates to earnings per share (EPS) of 1.05 cents for 3Q19, compared to an EPS of 0.87 cents logged in 3Q18.

3Q19 revenue rose 17% to $33.1 million, following its receipt of revenue contributions from new accommodation assets added into its portfolio.

SATS sees 2Q earnings slide 7.6% to $60.7 mil as higher expenditure outweighs revenue growth

SINGAPORE (Nov 12): Airline gateway services and food solutions provider SATS reported earnings of $60.7 million for 2Q19-20 ended September, some 7.6% lower than earnings of $65.7 million a year ago.

The decline comes despite a 9.8% rise in revenue to $497.4 million, which was outpaced by higher expenditure during the quarter.

Revenue growth was driven by both its food solutions and gateway services business segments. Food solutions revenue grew 8.0% to $271.0 million, while gateway services revenue climbed 12.1% to $225.9 million.

Oxley reverses out of the red with 1Q earnings of $12.2 mil on surge in other gains

SINGAPORE (Nov 12): Property developer Oxley Holdings reversed out of the red with earnings of $12.2 million in 1Q20 ended September, compared to losses of $0.7 million a year ago.

This translates to earnings per share of 0.29 cents for 1Q20, compared to a loss per share of 0.02 cents in 1Q19.

Food Empire posts 34.4% rise in 3Q earnings to $10.7 mil

SINGAPORE (Nov 11): Food Empire Holdings saw its earnings jump 34.4% to US$7.9 million ($10.7 million) for 3Q19 ended September, from US$5.9 million a year ago, on the back of higher revenue and lower expenses during the quarter.

On a fully diluted basis, this translates to earnings per share of 1.46 US cents for 3Q19, compared to 1.08 US cents in 3Q18.

3Q19 revenue rose 5.4% to US$76.8 million, led by higher sales in the Indochina, Ukraine, Russia, Kazakhstan and CIS markets.

GSH reports jump in 3Q earnings to $7.3 mil on revenue contribution from maiden KL project

SINGAPORE (Nov 11): Property group GSH Corporation saw its earnings more than treble to $7.3 million for 3Q19 ended September, from $2.1 million a year ago.

This translated to earnings per share of 0.370 cents for 3Q19, compared to 0.107 cents in 3Q18.

3Q revenue jumped 63.7% to $45.9 million, from $28.0 million a year ago.

This was mainly due to a surge in contributions from its property business as a result of the progressive recognition of sales from Eaton Residences, the group’s maiden project in Kuala Lumpur, Malaysia.

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