SUTL Enterprise

Company in the news

New CIQ facility officially opens at ONE°15 Marina Sentosa Cove

SINGAPORE (Aug 2): ONE°15 Marina Sentosa Cove has now become the very first private marina in Singapore to operate a Customs, Immigration and Quarantine (CIQ) facility.

Results

SUTL posts 17% drop in 4Q earnings to $3.64 mil on higher expenses, lower fees

SINGAPORE (Feb 21): SUTL Enterprise, the developer and operator of marinas, announced that its 4Q18 earnings have dropped by 17% to $3.64 million, compared to $4.40 million in 4Q17.

SUTL receives approval to begin sales of membership for ONE°15 Marina Puteri Harbour Malaysia

SINGAPORE (Dec 26): SUTL Enterprise announced that ONE15 Marina Development, its joint venture company with UEM Land, was granted the approval by the Companies Commission of Malaysia or Suruhanjaya

Results

SUTL Enterprise posts 30% drop in 1Q earnings to $0.6 mil on higher expenses

SINGAPORE (May 10): Marina developer and operator SUTL Enterprise saw its earnings fall 30% to $0.6 million for the 1Q ended March, from $0.9 million a year ago, on the back of higher expenses.

Results

SUTL Enterprise reports 2% higher 4Q earnings of $2 mil on lower expenses

SINGAPORE (Feb 26): SUTL Enterprise today reported a 2% rise in earnings to $2 million from $1.97 million a year ago on lower expenses.

SUTL acquires 60% stake in Makham Bay Marina to develop ONE°15 marina club in Phuket

SINGAPORE (Feb 22): SUTL Enterprise is acquiring a 60% stake in Thailand-based Makham Bay Marina (MBM) for $5.6 million.

Results

SUTL Enterprise 3Q earnings rise 30% to $0.7 mil

SINGAPORE (Nov 9): SUTL Enterprise saw a 30% increase in net attributable profit to $657,000 for 3Q17 compared to $504,000 in 3Q16, which marina developer and operator attributes to its ongoing eff

In print this week

SUTL eyes global expansion of marina business

SINGAPORE (Oct 20): Arthur Tay, the CEO and executive director of marina developer and operator SUTL Enterprise, wants to have string of ONE°15 marinas lining major coastal cities of the world.

SUTL Enterprise wins Suzhou marina management contract

SINGAPORE (Oct 10): SUTL Enterprise has won its second management contract in China for an upcoming integrated marina, which will be located at Sanshan Island in Taihu Lake, Suzhou.

Update

SUTL signs MOU to develop and expand Hainan Island’s pleasure yachting industry

SINGAPORE (Sept 13): SUTL Enterprise on Tuesday announced that it has signed a Memorandum of Understanding (MOU) with the Hainan Cruise & Yacht Association (HCYA) to be its strategic partner in

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