FY2017 earnings

SPH full-year earnings up 32% to $350.1 mil on one-off gains; revenue down 8.2%
SINGAPORE (Oct 11): Singapore Press Holdings (SPH) reported earnings of $350.1 million for the FY17 ended August, an improvement of 32% from $265.3 million a year ago. However, this was mainly due to a one-off gain of $149.7 million from the partial divestment of its stake in a joint venture regional online classifieds business, as well as a fair value gain of $57.4 million on its investment ...
TTJ Holdings’ full-year earnings fall 58% to $10.9 mil on lower revenue
SINGAPORE (Sept 25): Structural steel specialist TTJ Holdings posts a 58% decline in earnings to $10.9 million for the full year ended July, from $25.8 million a year ago. This was on the back of a 39% drop in revenue to $82.9 million in FY2017, from $136.6 million a year ago. The decline was mainly due to the decrease in both structural steel and dormitory businesses. Revenue from the ...
Cordlife sinks into the red in FY17 on absence of one-off gains
SINGAPORE (Aug 30): Cordlife Group, the provider of cord blood, cord tissue and umbilical cord lining banking services, sank to a loss of $2.6 million in the full year ended June, compared to earnings of $12.3 million a year ago. This was mainly attributable to the absence of one-off gains recorded in FY2016. The group in FY2016 recorded a fair value gain of $4.5 million on its investment ...
Dukang Distillers sinks deeper into the red in FY17
SINGAPORE (Aug 29): Baijiu producer Dukang Distillers Holdings sank deeper into the red with a loss of RMB112.4 million ($23.0 million) for the full year ended June, from a loss of RMB10.7 million a year ago. Group revenue was nearly halved to RMB464.5 million in FY2017, from RMB865.0 million a year ago. In a filing to SGX on Tuesday, Dukang says its baijiu production was severely affected ...
Union Steel swings back to profitability in FY17 with earnings of $1.4 mil
SINGAPORE (Aug 28): Scrap metal trader Union Steel Holdings has swung out of the red with earnings of $1.4 million for the full year ended June, from a loss of $16.7 million a year ago. This was mainly attributable to higher gross profit and a decline in other operating expenses during the year. Gross profit grew 49.9% to $13.9 million on the back of a 7-percentage-point increase in gross ...
AusGroup swings back to profitability in FY17 on absence of one-off impairments
SINGAPORE (Aug 25): AusGroup, the provider of integrated service solutions to the energy, industrial and mining sectors, posts earnings of A$4.6 million ($4.9 million) for the full year ended June, from a net loss of A$258.9 million a year ago. This was mainly due to the absence of impairment charges amounting to $189.3 million in FY2016. In addition, administration, marketing and other costs ...
LTC Corp posts 24.4% increase in FY17 earnings to $8.6 mil
SINGAPORE (Aug 25): LTC Corporation, formerly known as Lion Teck Chiang, has posted earnings of $8.6 million for the full year ended June, up 24.4% from earnings of $6.9 million a year ago. Revenue rose 3.5% to $134.1 million in FY2017, from $129.6 million a year ago. The higher revenue was attributable to a $14.6 million increase in steel turnover to $107.5 million in FY2017, due to higher ...
Astaka swings out of the red in FY17 with earnings of $9.0 mil
SINGAPORE (Aug 24): Astaka Holdings posted earnings of RM28.4 million ($9 million) for the full year ended June, swinging out of a restated loss of RM66.4 million a year ago. This was mainly due to the absence of one-off non-operating losses of RM98.7 million in FY16, which arose from accounting losses from the group’s reverse takeover (RTO) exercise and RTO-related expenses. Revenue in ...
800 Super posts 2.3% rise in FY17 earnings to $17.1 mil
SINGAPORE (Aug 24): Environmental services provider 800 Super Holdings posted a 2.3% increase in earnings to $17.1 million for the full year ended June, from $16.7 million a year ago. Revenue edged up marginally to $156.9 million in FY17, compared to $156.4 million a year ago, as revenue from new projects awarded during the year were partially offset by the completion of certain cleaning ...
Ryobi Kiso reverses out the red in FY2017 on absence of one-off losses
SINGAPORE (Aug 23): Ryobi Kiso Holdings posted earnings of $0.8 million for the full year ended June, swinging out from losses of $11.4 million a year ago. This was mainly due to the absence of a one-off items which amounted to other losses of $13.9 million a year ago. These comprised the one-off unrecoverable progress claim of $7.4 million that was written off, and the one-off impairment loss ...