financial statement

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 ...
Top Glove posts 2.9% lower 2Q earnings of $35.3 mil despite strong revenue growth
SINGAPORE (Mar 22): Top Glove has reported RM105.8 million ($35.16 million) in earnings for the 2Q ended Feb, representing a 2.9% y-o-y decline from its 2Q18 earnings of RM109 million due to higher finance costs and taxes, as well as lower associate contributions. This brings the group’s earnings for 1H19 to a total of RM215.8 million, up 0.6% on-year from RM214.5 million in 1H18. Revenue ...
Del Monte back in the black with $3.5 million in 3Q19 earnings on higher margins
SINGAPORE (Mar 8): Del Monte Pacific has announced a net profit of US$2.6 million ($3.5 million) for the 3Q ended Jan, turning around from the US$38.4 million loss a year ago due to improved margins Excluding one-off items, the group would have registered a 3Q net income of US$3 million, down 11.2% from US$3.4 million a year ago due to the change in the US tax rate. EBITDA grew 13% to ...
GEAR posts 37.5% lower FY18 earnings of $53 mil despite record revenue
SINGAPORE (Mar 1): Golden Energy and Resources (GEAR) has announced FY18 earnings of US$39.3 million ($53.2 million), down 37.5% from its FY17 earnings of US$67 million due to higher mining overheads, fuel costs, freight & stockpile expenses, as well as higher stripping ratios. Revenue nonetheless grew 37.3% to a record US$1 billion for FY18, compared to US$763.8 million in the previous ...
Hyphens Pharma 4Q earnings grow 31.9% to $0.8 mil in absence of one-off IPO expenses
SINGAPORE (Mar 1): Hyphens Pharma International has announced earnings of $0.8 million for the 4Q ended Dec 2018, rising 31.9% from $0.6 million in 4Q17 in the absence of one-off IPO expenses incurred from the year before.   Excluding the impact of these one-off expenses, the group’s earnings would have increased 33% to $1.2 million from $0.9 million a year ago. This brings the ...
Yongnam FY18 loss widens to $51 mil on revenue decline, provisions & overheads
SINGAPORE (Feb 28): Yongnam Holdings, the engineering and construction services provider, reported FY18 loss widened to $51 million from $17 million a year ago due to lower revenue across all segments. In the group’s results announcement on Thursday, Yongnam notes that its bottomline was further impacted by provisions made in anticipation of lower negotiated variation orders for two ...
Straits Trading sees near-trebling of 4Q earnings to $14.1 mil despite lower revenue
SINGAPORE (Feb 28): Straits Trading Company saw its 4Q18 earnings nearly treble to $14.1 million from $5.2 million a year ago, mainly due to higher other items of income as well as reduced other items of expense. This brings the group’s earnings for FY18 to $71.7 million, which is 54.5% higher than the $46.4 million reported in the previous year. Revenue for the latest quarter dipped 1.7% ...
CITIC Envirotech posts 41.6% higher FY18 earnings of $113.2 mil on revenue growth
SINGAPORE (Feb 28): CITIC Envirotech Limited (CEL) has concluded FY18 with earnings of $113.2 million, rising 41.6% from its FY17 earnings of $79.9 million on higher revenue. Over FY18, revenue surged 46.9% to $994.5 million in FY18 from the restated $677.2 million in the previous year. The topline growth was mainly due to an increase in engineering revenue, which grew 39.6% to $511.5 ...
IndoAgri sinks into the red with $20 mil loss for 4Q on weak commodity prices
SINGAPORE (Feb 28): Indofood Agri Resources (IndoAgri) has sunk into a loss of Rp 211.7 billion ($20 million) for 4Q18 compared to Rp 76.9 billion in profit a year ago, due to significantly lower profit in the Plantation Division arising from weak commodity prices. As such, the group has reported Rp 211.8 billion in overall losses for FY18, as opposed to earnings of Rp 447.3 million for the ...
Yeo Hiap Seng 4Q earnings up 20% to $1.8 mil; proposes final & special dividend
SINGAPORE (Feb 27): Yeo Hiap Seng has announced earnings of $1.8 million for the 4Q ended Dec 2018, up 20% from 4Q17 earnings of $1.5 million due to better margins as well as lower fair value losses on equity investments. The bottomline improvement came despite a 6.1% y-o-y revenue decline to $79.2 million compared to $84 million a year ago due to lower sales in Malaysia, which nonetheless ...