Pan Hong Property Group, the Hong Kong-based property developer that focuses primarily on developing properties in the second and third-tier cities in China, has chalked up RMB57.3 million ($11.9 million) in net profit for the third quarter ended 31 December 2009 (3Q2010), reversing the loss of RMB3.6 million in the previous corresponding period (3Q2009).
Posts Tagged ‘12m’
Frasers Centrepoint Trust posts 15% rise in Q1 distributable income to $12m
January 25th, 2010 |
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Frasers Centrepoint Trust (FCT) has posted a 15% rise in distribution income for its first quarter ended Dec 31, 2009 to $12 million from $10.4 million a year ago.
Distribution per unit (DPU) rose to 1.91 cent from 1.67 cents.
Marco Polo Marine unit disposes 8 vessels on a sale-and-leaseback arrangement for $12m
January 20th, 2010 |
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Integrated marine logistic group Marco Polo Marine says wholly-owned subsidiary, Marco Polo Shipping Co., entered into several agreements to dispose 8 Singapore-flagged vessels (tugs and barges) on a sale-and-leaseback arrangement with a related party for a total of about $11.9 million.
Following the sale, these vessels will be leased back to Marco Polo Shipping Co. as Indonesian-flagged vessels.
The sale-and-leaseback is expected to contribute positively to the group’s consolidated profit after tax for the first quarter ended Dec 31 in respect of the current financial year ending Sept 30 2010.
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