loss

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 ...
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 ...
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 ...
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. Revenue for the quarter grew 33% to NOK2 billion compared to NOK1.5 billion in 3Q16, backed by high activity ...
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% ...
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.  In addition, the improved performance was ...
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, ...
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. Revenue for the quarter fell 8.3% to US$3.2 ...
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 ...
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 ...