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Yongnam FY17 losses cut by half to $15.8 mil on improved project margins

SINGAPORE (Mar 1): Yongnam Holdings reported full-year losses narrowed by half to $15.8 million in FY17 from $31.6 million in FY16 on improved margins for some of its projects.  

Revenue for the full year fell 4.6% to $306.7 million in FY17 from $321.4 million in FY16 due to lower contributions from its structural steelworks and mechanical engineering businesses, which more than offset the increase in revenue contributions from its specialist civil engineering segment.

OUE Lippo Healthcare FY17 losses widen to $90.7 mil on lower revenue & higher costs

SINGAPORE (Feb 12): OUE Lippo Healthcare further sunk into the red in FY17 with a loss of $90.7 million, 18% down from its loss of $76.8 million the previous year on lower revenue and higher costs of sales.

Revenue for the full year declined 11.2% to $43.6 million, due mainly to lower rental contributions from investment properties in Australia. This was however partially offset by higher contributions from operating Wuxi New District Phoenix Hospital, while income from the group’s nursing facilities In Japan remained stable.   

Koh Bros' 3Q earnings surge more than 18-fold to $5.1 mil on one-off disposal gain

SINGAPORE (Nov 13): Koh Brothers Group has announced $5.1 million in earnings for 3Q17, up 18.4 times from its earnings of $0.3 million a year ago on a one-off disposal gain registered over the quarter.  

Sales for 3Q17 grew 41% to $89.8 million from $63.7 million previously, due primarily to higher contributions from the Construction & Building Materials division. However, due to lower gross profit margins from this division, group gross profit fell 66% to $1.8 million compared to $5.2 million previously.

Vard cuts 3Q losses to $1.5 mil on higher revenue & lower restructuring costs

SINGAPORE (Nov 10): Vard Holdings saw 3Q17 losses narrowed to NOK9 million ($1.5 million) from losses of NOK104 million a year ago on higher sales.

The shipbuilder’s bottomline was further boosted by reduced structuring costs and stable depreciation compared to a quarter ago.

TA Corp losses narrow to $4.2 mil in 3Q

SINGAPORE (Nov 9): TA Corp, the property construction group, has reported a loss of $4.2 million for the third quarter ended Sept, a 57.6% improvement from its $10 mil loss posted in 3Q16, mainly due to lower impairment loss on investment properties.

Revenue for the quarter grew by 2% to $51.1 million from $50.1 million a year ago. In line with the higher revenue, gross profit increased 0.7% to $9.3 million from $9.2 million in 3Q16.

TMC Education’s FY17 losses narrow 90.7% to $0.5 mil

SINGAPORE (Aug 29): TMC Education Corporation has announced a loss of $547,000 for the full year ended June, representing a 90.7% improvement from the $5.9 million loss it reported in FY16.

This was mainly due to a fair value gain on investment properties of $2.7 million in FY17, compared to a fair value loss of $1.3 million in FY16. 

Tuan Sing’s 2Q earnings tumble 64% to $1.8 mil

SINGAPORE (July 27): Property developer Tuan Sing Holdings has reported earnings of $1.8 million for the second quarter ended June, a 64% decline from earnings of $5.1 million in the same period a year ago.

This brings the group’s 1H17 earnings to $7.2 million, down 51% from $14.7 million in earnings for the first half of 2016.

Revenue for the quarter fell 21% to $84.1 million, compared to $106.6 million in the previous year, due to a decrease in sales of its residential development projects.

QT Vascular’s 1Q losses narrow to $11.2 mil on lower cost of sales

SINGAPORE (June 8): QT Vascular reported losses of US$8.1 million ($11.2 million) for the 1Q ended March. This was a 2.6% improvement from the losses of US$8.35 million suffered a year ago.

QT Vascular is engaged in the design, assembly and distribution of advanced therapeutic solutions for the minimally invasive treatment of vascular disease.

Artivision FY17 loss doubles to $16 mil on higher expenses

SINGAPORE (May 26): Artivision Technologies' FY17 net loss doubled to $15.9 million, or 1.2 cents per share, from a year ago on higher expenses.

For 4Q17, net loss tripled to $8.7 million from $2.8 million.

Revenue for the full year nearly doubled to $21.75 million from $11.35 million in FY16, driven mainly by the group’s media solutions subsidiary, Artimedia Technologies, which generated revenue of $14.54 million in FY17 as compared to $3.66 million in FY16.

GSH Corp sinks into 1Q loss of $1.35 mil on lower revenue & higher expenses

SINGAPORE (May 5): Property developer GSH Corp sunk into losses of $1.35 million for the first quarter ended March, versus a profit of $2.8 million posted in the same quarter a year ago.

Revenue fell 10.5% to $21 million from $23.5 million in the previous year due to a 60% decline in contributions from its property business, which amounted to only $3.3 million in revenue compared to $8.2 million in 1Q16.

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