financial statement


UOB posts 19% fall in 1Q20 earnings to $855 mil, doubles impairment charges due to 'weak macro conditions'

UOB Group reported net earnings of $855 million, down 19% y-o-y for 1Q2020 ended March, on declining interest rates and higher credit costs.


Raffles Medical posts 14.1% drop in FY2019 earnings, but looks for novel measures to cope with Covid-19

Raffles Medical is looking to remain profitable in 2020, barring unforeseen circumstances like the prolongation of the novel coronavirus outbreak
Understanding financial statements and how to read them

Investing 101

Financial statements: Why they matter, and how to analyse them

Before investing your money into any company, you should do your research to determine whether the investment is worth it or not. And one of the first few things you should be looking at is the company’s financial statements, which provide an important


KSH Holdings' FY19 earnings down 75% after changes to accounting treatment

SINGAPORE (May 31): KSH Holdings has announced FY19 earnings of $7.7 million for FY19, down 74.8% from a restated $30.4 million in FY18 after changes to accounting treatment which are in line with International Financial Reporting Standards (IFRS).


mm2 Asia's FY19 earnings fall 14.7% to $19.1 mil on net margin decline

SINGAPORE (May 31): mm2 Asia reported $6.2 million in earnings for the 4Q ended March, down 7.5% from $6.7 million a year ago due to lower revenue and expansion costs.


IHH Healthcare posts 56% higher 1Q earnings of $29.4 mil on stronger operational performance

SINGAPORE (May 30): IHH Healthcare reported 1Q earnings of RM89.5 million ($29.4 million), 56% higher from RM57.2 million a year ago on the back of stronger operational performance.


Ley Choon sinks into 4Q, FY19 losses on lower margins

SINGAPORE (May 30): Ley Choon Group reported a loss of $5.2 million for the 4Q ended March, sinking into the red from its 4Q18 profit of $0.3 million due to lower margins.  

Broker's Calls

Valuetronics posts 2.8% lower FY19 earnings; seeks to mitigate trade war risks with Vietnam expansion

SINGAPORE (May 29): Valuetronics Holdings, the provider of electronics manufacturing services (EMS), announced a 2.8% y-o-y decline in FY19 earnings to HK$199.5 million ($35.1 million) from HK$204.7 million on lower revenue.


Memories Group returns to profitability in FY19 after booking one-off 4Q gain

SINGAPORE (May 29): Memories Group posted US$6.1 million ($8.4 million) in 4Q19 earnings, up y-o-y from its earnings of US$1 million due to a one-off US$8 million gain from its acquisition of SM Assets Holdings.


Metro's 4Q earnings surge to $51 mil on fair value gains & share of JVs

SINGAPORE (May 28): Metro Holdings has announced 4Q19 earnings of $51 million compared to $1 million a year ago, due to higher revenue and fair value gains, as well as a surge in share of results in joint ventures (JVs).