Sapphire Corporation

Results

Sapphire Corp's 1Q earnings fall 16.6% to $0.7 mil as revenue declines, finance costs rise

Singapore (May 7): Sapphire Corporation announced earnings of RMB3.4 million ($0.7 million) for the 1Q ended March, down 16.6% on-year from RMB4 million on lower revenue and higher finance costs.

Contracts

Sapphire subsidiary wins $167 mil EPC contract in Chengdu

SINGAPORE (Jan 14): Sapphire Corporation, the infrastructure design and construction group in China, announced that the group’s 97.6% owned subsidiary, Ranken Railway Construction Group Co, has sec

Sapphire selling new shares at 12.8 cts each to fund water projects

SINGAPORE (Dec 31): Sapphire Corporation is undertaking a rights issue to raise funds to invest in water and environmental management projects and for working capital purposes.

Contracts

Sapphire’s subsidiary and consortium partners wins $277 mil PPP project in Chengdu

SINGAPORE (Nov 19): Sapphire Corporation’s 97.6% owned subsidiary, Ranken Railway Construction Group Co, and consortium partners have secured a PPP project in Chengdu, Sichuan Province, China.

Results

Sapphire Corp posts 1.9% rise in 1Q earnings to $0.9 mil despite lower margins

SINGAPORE (May 11): Sapphire Corp announced earnings of RMB4.1 million ($0.9 million), up 1.9% from RMB4 million a year ago due to higher revenue.

Sapphire partners Haitong Singapore to explore regional finance & investment opportunities

SINGAPORE (Apr 25): Sapphire Corporation has inked a memorandum of understanding (MoU) with Haitong International Securities Group (Singapore) to explore capital markets opportunities in the region

Sapphire's new CEO remains positive on rail business outlook

SINGAPORE (Feb 12): Sapphire Corporation has recently appointed executive director Wang Heng as CEO of the group.

M&A

HNA-linked acquirer terminates purchase of stake in Sapphire Corp

SINGAPORE (Jan 29): A Hong Kong-listed subsidiary of China’s HNA Group had terminated its acquisition of shares in SGX-listed Sapphire Corporation “by way of mutual consent”.

Sapphire unit wins 3 new rail contracts worth $57 mil

SINGAPORE (Dec 11): Sapphire Corporation’s subsidiary Ranken Railway Construction Group Co.

Results

Sapphire posts 3Q earnings of $3.6 mil; directors to step down for board renewal in share-swap deal

SINGAPORE (Nov 13): Sapphire Corporation, the railway infrastructure engineering firm, has announced earnings of RMB17.6 million ($3.6 million) for the 3Q ended Sept, a 31.1% improvement from RMB13

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