Posts Tagged ‘158m’
Creative Technology narrows 4Q loss to $15.8m
Baker Tech posts $17.8m 2Q net profit, boosted by $15.8m dividend from PPL Shipyard
Baker Technology, the Mainboard-listed manufacturer and provider of specialised marine offshore equipment and services for the oil and gas industry, has reported a 76% rise in net profit of $20.3 million for the six months ended 30 June 2010 (1H 2010), buoyed by a strong second quarter performance.
For the three months ended 30 June 2010 (2Q 2010), revenue fell 59% to $6.8 million compared to a year ago due to the slow new order intake last year, a result of the global credit crunch which delayed many oil and gas projects. Gross profit was down 61% to S$4.5 million.
Etika secures syndicated financing facilities for $158m
Etika International Holdings, the manufacturer and distributor of sweetened condensed milk, has signed syndicated financing facilities worth RM368 million ($157.7 million), with a consortium of three Malaysian financial institution groups including AmBank Group, EON Bank Group, Maybank Group and jointly lead arranged by AmInvestment Bank Group, Maybank Investment Bank Berhad and MIMB Investment Bank Berhad.
First Resources records 7% rise in full-year net profit to $158m
First Resources, the oil palm plantation company, increased its net profit attributable to shareholders (PATMI) by 7% to Rp1,169 billion ($158 million) for the year ended 31 December 2009 (FY2009). This was despite a 18% year-on-year (y-o-y) fall in revenue which was due mainly to a 24% drop in average crude palm oil (CPO) selling prices.
For FY2009, First Resources is proposing a final dividend of 1.18 cents per share, on top of the interim dividend of 1.00 cents per share paid in September 2009. This represents a 56% increase over last year’s dividend of 1.40 cents per share.



