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Vibrant 1Q earnings surge to $33.1 mil on one-off gains

SINGAPORE (Sept 15): Vibrant Group saw its earnings jump to $33.1 million for the 1Q20 ended July, from $0.7 million a year ago.

This translated to earnings per share of 4.78 cents for 1Q20, compared to EPS of 0.11 cent in 1Q19.

This was mainly due to the gain on disposal of Jurong Island Chemical Hub, gain on sale of its 51.0% stake of Sabana Investment Partners, and disposal of units in Sabana Shari’ah Compliant Industrial Real Estate Investment Trust.

Civmec 4Q earnings plunge 96% to $0.1 mil on lower revenue

SINGAPORE (Aug 28): Civmec, the construction and engineering services provider, saw its earnings plunge 96.3% to A$120,000 ($112,600) for the 4Q19 ended June, from A$3.2 million a year ago.

Earnings per share fell to 0.02 cent for 4Q19, compared to 0.64 cent in 4Q18.

This brings the group’s full year earnings to A$6.1 million for FY19, some 66.5% lower than earnings of A$18.1 million a year ago.

The decline came on the back of lower revenue in 4Q19, which dropped 66.1% to A$73.4 million, from A$216.5 million a year ago.

Oxley posts 81% drop in 4Q earnings to $25.6 mil

SINGAPORE (Aug 27): Oxley Holdings saw its earnings plunge 81% to $25.6 million for the 4Q19 ended June, falling from $137.7 million a year ago.

This brings full-year earnings to $146.3 million for FY19, just over half of FY18 earnings of $285.0 million.

4Q19 revenue fell 57% to $100.4 million, from $233.1 million a year ago, mainly due to lower revenue contribution from its project in the United Kingdom.

GL Limited posts 15% drop in FY19 earnings to $70 mil

SINGAPORE (Aug 23): GL Limited, formerly known as GuocoLeisure, saw its earnings fall 15% to US$50.3 million ($69.7 million) for the FY19 ended June, from US$59.0 million a year ago.

Gross profit dipped 5% to US$147.5 million during the year, despite the group recording slightly higher revenue of US$349.3 million in FY19.

FY19 revenue was 1% higher than a year ago, mainly due to higher revenue generated from the oil and gas segment, on the back of higher average crude oil and gas prices during the year.

Centurion Corp looks to bank on favourable changes in worker dormitory rules to press advantage

SINGAPORE (Aug 15): Dormitory operator Centurion Corporation says it is looking to add close to 11,600 beds across three new worker accommodation facilities in Singapore and Malaysia, as it aims to grow its business amid favourable legislation in both markets.

According to chief executive officer Kong Chee Min, the group’s 2Q19 revenue had been boosted significantly by an uptake in workers’ accommodation in Singapore.

Kong says that this demand has been pushed up by more stringent guidelines imposed by the Ministry of Manpower (MOM) on housing options for foreign workers.

Golden Agri-Resources sees 1H net loss widen by 71% to $64.4 mil

SINGAPORE (Aug 15): Golden Agri-Resources (GAR) sank deeper into the red with a net loss of US$46.4 million ($64.4 million) for the 1H19 ended June, widening from a net loss of US$27.2 million a year ago.

The group reported an underlying loss of US$15.3 million for 1H19, compared to an underlying profit of US$41.3 million a year ago.

1H19 revenue fell 13.9% to US$3.17 billion, from US$3.68 billion a year ago. The decline in revenue was led by a 13.6% drop in revenue from its palm, laurics and others segment to US$3.15 billion in 1H19.

UMS reports 44% drop in 2Q earnings to $8.1 mil

SINGAPORE (Aug 14): UMS Holdings saw its earnings drop 44% to $8.1 million for the 2Q19 ended June, from $14.5 million a year ago.

Earnings per share fell to 1.51 cents in 2Q19, compared to 2.70 cents in 2Q18.

2Q19 revenue fell 15% to $30.0 million, from $35.2 million a year ago, as US-China trade tensions, plunging memory prices and the shift in chipmakers' strategies continued to weigh on the group's performance.

Q&M Dental posts 4% rise in 2Q earnings to $4.8 mil

SINGAPORE (Aug 14): Q&M Dental Group saw its earnings grow 4% to $4.8 million for the 2Q19 ended June, from $4.6 million a year ago.

2Q19 revenue rose 3% to $30.5 million, from $29.5 million a year ago.

This was led by higher revenue contribution from dental and medical clinics, which increased by 3% to $27.9 million on higher revenue from dental outlets in Singapore and Malaysia.

As at end June, the group has 73 dental outlets and four medical outlets in Singapore, as well as 20 dental outlets in Malaysia and one dental outlet in China.

Tianjin Zhong Xin Pharma posts 10% rise in 2Q earnings to $30.8 mil

SINGAPORE (Aug 14): Tianjin Zhong Xin Pharmaceutical Group Corporation has recorded earnings of RMB 156.9 million ($30.8 million) or 0.20 RMB cents per share for the 2Q19 ended June, some 10% higher than earnings of RMB 142.2 million a year ago.

2Q19 revenue rose 19% to RMB 1.78 billion, compared to RMB 1.50 billion a year ago.

Marketing and distribution costs grew 12% to RMB 489.7 million during the quarter, from RMB 435.5 million a year ago.

New acquisition boosts ST Engineering's 2Q earnings to $138 mil as order book hits record high

SINGAPORE (Aug 14): ST Engineering, the technology, defence and engineering conglomerate, powered to earnings of $138.2 million, or 4.43 cents per share, for the 2Q19 ended June, some 18% higher than earnings of $117.5 million a year ago.

The increase was on the back of contribution from the newly-acquired MRA Systems (MRAS) as well as the absence of MTN redemption related costs incurred last year.

This brings earnings for 1H19 up 14% year-on-year to $269.3 million.

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