financial statement

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.

This brings the group’s full year earnings to a total of $19.1 million, representing a 14.7% decline from $22.4 million in FY18.

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.

Revenue for the quarter grew 28% to RM3.6 billion from RM2.9 billion previously.

The group attributes this to sustained organic growth at existing operations and the sustained ramp-up of Gleneagles Hong Kong Hospital and Acibadem Altunizade Hospital, which both opened in March 2017.

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.  

This brings the group to a full year loss of $9.6 million as opposed to FY18 earnings of $1.5 million a year ago.

Revenue for 4Q19 grew 2.8% y-o-y to $27.9 million from $27.1 million due to higher contributions from small diameter pipe projections, as well as the sale of construction materials.

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.

A final dividend of 15 HK cents, along with a special dividend of 5 HK cents, has been recommended for FY19.

Including the HK 5-cent interim dividend paid out to shareholders in Dec 2018, this year’s interim, special and final dividends amount to 25 HK cents per share or 54.4% of FY19 net profit attributable to shareholders.

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.

The gain was derived from a lower fair value of the purchase consideration paid for the acquisition compared to the fair value of net identifiable assets of SM Assets acquired by Memories.

The 4Q results bring the group’s full-year earnings to US$2.3 million for the FY19 ended March, reversing from a loss of US$6.2 million in FY18.

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).

The group’s earnings for the full year nonetheless came in 40.2% lower at $95.3 million compared to $159.2 million in FY18 on the back of comparatively lower share of results of associates.

Cortina posts 4% higher 4Q earnings of $8.1 mil due to improved margins

SINGAPORE (May 24): Cortina Holdings has announced $8.1 million in earnings for the 4Q ended March, growing 4% y-o-y from $7.8 million on the back of improved sales margins.

The latest set of quarterly results group’s earnings for FY19 to $29.2 million, which is 31% higher than its full year earnings of $22.3 million previously due to improved margins and lower full-year operating expenses.

Stamford Land's 4Q earnings fall 80% to $5 mil on lower revenue

SINGAPORE (May 22): Stamford Land Corporation reported an 80.4% y-o-y decline in 4Q19 earnings to $5 million compared to $25.6 million previously due to lower revenue.

The latest quarterly result brings Stamford’s FY19 earnings to $47.8 million, down 15.4% from $56.4 million a year ago.

Revenue for the latest quarter fell 74.8% to $47.9 million from $189.7 million 4Q18 on the back of lower contributions across all segments.

Neo Group FY19 earnings nearly double to $5.4 mil after strong 4Q

SINGAPORE (May 22): Neo Group Limited has announced earnings of $3.9 million for the 4Q ended March, rising 42.8% from $2.7 million a year ago mainly due to higher revenue.   

This brings the group’s FY19 earnings to $5.4 million, up 48.7% y-o-y from $3.6 million previously on higher revenue and lower full-year purchases and consumables used.

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