FY18 results

Sim Leisure full-year earnings surge more than fourfold to record $2 mil

SINGAPORE (Mar 29): Sim Leisure Group, the Malaysian theme park operator that debuted on the Catalist board of the Singapore Exchange on Mar 1, today announced that its FY18 earnings have surged more than fourfold to RM6.05 million ($2.0 million), compared to RM1.29 million in FY17.

This came on the back of its revenue more than doubling to RM21.2 million from RM9.68 million a year ago.

Tan Chong posts 20% increase in FY18 earnings to $103.4 mil despite lower sales

SINGAPORE (Mar 27): Tan Chong International, the distributor and dealer of motor vehicles, saw a 19.7% in full-year earnings to HK$600.9 million ($103.4 million) in FY18 from HK$510.9 million in FY17.

FY18 revenue fell 1% to HK$15.7 billion from a year ago, mainly due to lower sales volume in its motor vehicle distribution and retail division.

In Singapore, the group experienced a 15% slowdown in revenue in 2018 as lower COE quota and stricter emission standards impacted its Nissan and Subaru businesses in Singapore.

Banyan Tree kept at 'accumulate' by Phillip on higher property sales, contract wins

SINGAPORE (Mar 11): Banyan Tree on Feb 27 announced that its 4Q18 earnings have increased by 44% y-o-y to $5.63 million, while revenue increased by 4% y-o-y to $92.8 million.

Other income surged 171% to $24.3 million and share of results of associates saw a significant increase to $12.3 million compared to $0.86 million last year.

For FY18, earnings were 4% up from the previous year at $13.5 million, with revenue also increasing by 4% to $329.0 million.

The group has proposed a final dividend of 1.05 cent per share.

More time needed for Dairy Farm's restructuring to show results

SINGAPORE (Mar 4): Analysts are keeping a neutral stance on Dairy Farm, a member of the Jardine Matheson Group, following its FY18 results announcement.

Dairy Farm posted a 4% rise in sales to US$11.7 billion while underlying profit rose 5% to US$424 million. Net non-trading charge totalled US$332 million, which included a US$453 million restructuring charge for the Food business in Southeast Asia but was partially offset by a net gain of US$121 million principally in relation to business and property disposals.

Delfi kept at 'buy' on higher demand, right-sizing and repricing

SINGAPORE (Mar 1): Delfi on Wednesday announced 4Q18 earnings increased 70.4% y-o-y to US$4.13 million ($5.57 million), while revenue was 8.1% higher at US$107.9 million.

For FY18, the group recorded a 6% increase in earnings to US$20.9 million compared to the same period a year ago, with a 12.0% y-o-y growth in earnings to US$427.0 million.

The group has also declared a final cash dividend of 1.10 cents per share.

Japfa posts 80-fold increase in FY18 earnings to $135.4 mil on record revenue

SINGAPORE (Mar 1): Japfa has announced a nearly 80-fold increase in its FY18 earnings to US$100.4 million ($135.4 million), compared to just US$1.32 million in FY17.

Revenue for the period reached a record high and was 11% higher at US$3.53 billion from US$3.19 billion a year ago, driven mainly by higher average selling price for both poultry in Indonesia and swine fattening in APO-Vietnam as well as higher sales volumes from Dairy and poultry feed in Indonesia and Vietnam.

All of the group’s business segments registered revenue growth.

China Aviation Oil posts 23.9% increase in 4Q earnings to $25.2 mil

SINGAPORE (Feb 28): China Aviation Oil (CAO) has announced a 23.88% increase in its 4Q18 earnings to US$18.7 million ($25.2 million), compared to US$15.1 million in 4Q17, mainly from the reduction in operating expenses and increase in gross profit.

This brings FY18 earnings to US$93.9 million, 10.52% higher than US$84.9 million in FY17.

Revenue for 4Q18 was 7.79% higher at US$4.38 billion from US$4.06 billion last year, primarily due to the increase in oil prices.

China Sunsine posts 18% decline in 4Q earnings to $21.9 mil on lower revenue

SINGAPORE (Feb 28): China Sunsine Chemical Holdings has announced earnings of RMB 108.6 million ($21.9 million) for the 4Q18 ended December, 18% lower than RMB 132.0 million a year ago.

This brings full-year earnings to RMB 641.3 million for FY18, 88% higher than RMB 341.3 million a year ago.

4Q18 revenue fell 12% to RMB 770.1 million, from RMB 873.3 million a year ago, despite a 3% growth in sales volume during the quarter.

The decline was mainly due to lower overall ASP, which dropped by 15% to RMB 19,110 per ton in 4Q18, from RMB 22,384 per ton a year ago.

Q&M posts 40% drop in FY18 earnings on absence of one-off gain on disposal

SINGAPORE (Feb 28): Q&M Dental Group saw its earnings fall 40% to $14.3 million for the FY18 ended December, from $23.9 million a year ago.

This was mainly due to the absence of a one-off gain on disposal of its subsidiaries in FY17. Other gains fell 88% to $1.3 million for FY18, compared to $10.8 million a year ago.

Excluding other gains, FY18 earnings would have come in at $13.0 million, 1% lower than $13.3 million a year ago.

Food Empire posts turnaround in 4Q with earnings of $3.7 mil

SINGAPORE (Feb 28): Food Empire has announced that it has reversed out of the red in 4Q18 with earnings of US$2.72 million ($3.67 million), compared to a loss of US$2.75 million in 4Q17.

This brings FY18 earnings to US$18.1 million, 28.0% higher than US$14.1 million in FY17.

However, revenue for the quarter dropped by 5.6% to US$70.0 million from US$74.1 million last year, mainly due to lower contribution from most of the group’s markets – Russia, Kazakhstan and CIS markets, Indochina, and other markets – except Ukraine.

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