Mainboard-listed Micro-Mechanics (Holdings), the manufacturer of high precision tools, parts and assemblies for high technology industries, reported a 149% jump in net profit to $1.8 million for the 3 months ended 31 December 2010 (2Q11), from $0.7 million in the same quarter a year ago. The stronger bottomline performance in 2Q11 was achieved on the back of 17.0% growth in group revenue to $11.4 million.
Posts Tagged ‘18m’
Will Ferrell loses $18M lawsuit against JPMorgan Chase
November 20th, 2010 |
No Comments
Outrageous comedian Will Ferrell reportedly lost an 18-million-dollar lawsuit against Wall Street bank JPMorgan Chase. According to Forbes.com, he now has to pay 600,000 dollars to bank in penalties and legal costs, reports the New York Daily News. Ferrell – along with ‘Seinfeld’ creator Larry David – reportedly filed an arbitration claim two years ago [...]
Hupsteel posts $1.8m in 1Q earnings
November 4th, 2010 |
No Comments
Mainboard-listed Hupsteel today announced that the group achieved revenue of $46 million (1QFY10: $36.9 million) for the quarter ended 30 September 2010 (1QFY11) with profit after tax of $1.8 million (1QFY10: $1.9 million).
Lim Kim Thor, CEO of Hupsteel, says, “Demand for steel products softened slightly during the last quarter due to the weak recovery in the global markets and amidst signs of slowing down in the local economy. This was evidenced by the lack of new shipbuilding and oil & gas projects announced during the last quarter. However, we are looking forward to new infrastructure projects like the Sports Hub where there may be an opportunity for the group to supply to.”
Koon Holdings unit acquires Construction Technology for $1.8m
August 27th, 2010 |
No Comments
Koon Holdings, the civil engineering, reclamation and shore protection specialist, says subsidiary, Econ Precast, has entered into a sale and purchase agreement with Sembawang Engineers and Constructors (SEC) and Construction Technology (Contech) to acquire the entire issued share capital of Contech for $1.78 million.
Qualitas Medical Group posts 43% rise in 1H profit to $1.8m
August 17th, 2010 |
No Comments
Malaysian based Qualitas Medical Group, the growing regional healthcare services group, has recorded a 43% rise in half-year (HY2010) profit to RM 4.3 million ($1.8 million) from RM 3.0 million in HY2009. Revenue grew 37% to RM11.9 million.
Qualitas says the significant growth is attributable to the revenue contribution from its international operations as well as an overall revenue increase from the Malaysian operations.
Trek 2000 International posts 138.1% jump in 1H net profit to $1.8m
August 12th, 2010 |
No Comments
Trek 2000 International, the inventor of the ThumbDrive and FluCard, today announced a 138.1% jump in half-year net profit to US$1.3 million ($1.77 million) from US$0.5 million in the corresponding period last year.
Revenue also grew by 42.9% to US$42.4 million from the previous year’s figure of US$29.7 million.
Del Monte Pacific posts net loss of $1.8m for 2Q
August 10th, 2010 |
No Comments
Mainboard-listed Del Monte Pacific (Bloomberg: DELM SP, Reuters: DMPL.SI) today announced a net loss of US$1.3 million ($1.76 million) for the second quarter of 2010 compared to a net profit of US$5.1 million in the same period last year. The loss was due primarily to higher raw material costs and inventory obsolescence, despite an 8% improvement in sales.
Sales grew to US$85.1 million from US$78.9 million in the prior year quarter due to higher turnover in the Philippines and fresh exports.
Mercator posts 30% rise in 1Q net profit to $18m
July 26th, 2010 |
No Comments
Mercator Lines (Singapore) posted a 30% rise in net earnings to US$13.07 million ($17.9 million) for the first quarter ending June 30 2010 (1QFY2010) versus US$10.02 million for 1QFY2009. Revenue rose 10% to US$38.96 million compared to US$35.47 million.
The increase in revenue is due to 14% increase in capacity and an increase in spot market rates. Time Charter Equivalent (TCE) rate per vessel per day for the quarter ended June 30, 2010 increased to US$30,001 as compared to a TCE rate per day per vessel of US$29,258 for the previous year representing an increase of 3%.
China Aviation Oil back in black in 1Q with net profit of $18m
May 8th, 2010 |
No Comments
China Aviation Oil (Singapore) Corporation, the purchaser of jet fuel, announced it posted a net profit attributable to shareholders of US$12.9 million ($18 million) for the first quarter ended 31 March 2010 (1Q 2010), an increase of 213.2% as compared to the corresponding period last year.
DMX Technologies posts 49% rise in net profit to $1.8m
April 29th, 2010 |
No Comments
DMX Technologies Group announced its net profit after tax for the three months ended 31 March 2010 rose 48.5% to US$1.3 million ($1.8 million) from US$0.9 million in 1Q09, driven by higher revenue in the group’s seasonally slowest quarter. Concurrently 1Q10 net margin inched up to 2.71% from 2.24% in 1Q09. Revenue increased 22.9% in 1Q10 to US$47.6 million from US$38.7 million in 1Q09.
{jcomments on}
Liang Huat Aluminium posts $1.8m net profit for the 1Q
April 28th, 2010 |
No Comments
Liang Huat Aluminium says it has posted $1.8 million in net profit for the 1Q first quarter ended 31 March 2010.
The group achieved revenue of $10.8 million.
Liang Huat’s current gross order books stand at $71.1m.
{jcomments on}
DMX Technologies posts 48.5% rise in net profit to $1.8m
April 28th, 2010 |
No Comments
DMX Technologies has posted a 48.5% rise in net profit after tax to US$1.3 million ($1.8 million) for the three months ended 31 March 2010 (1Q10) from US$0.9 million in 1Q09, driven by higher revenue in the group’s seasonally slowest quarter.
Cogent Holdings posts 153% rise in FY09 net profit to $18m on sale of warehouse
March 26th, 2010 |
No Comments
Leading integrated logistics solutions provider, Cogent Holdings, today reported that its net profit attributable to shareholders for the full-year ended Dec 31 2009 surged 153% to $17.7 million.
China Gaoxian invests $18m of IPO money to boost warp knit fabric capacity
March 22nd, 2010 |
No Comments
China Gaoxian Fibre Fabric Holdings, the supplier of premium differentiated fine polyester yarn and Warp Knit Fabric, said fully-owned subsidiary, Fujian New Huawei Fibre Dyeing Co., has used RMB87.2 million ($17.9 million) of its Initial Public Offering (IPO) net proceeds of $78.3 million for the acquisition of 50 knitting machines for the production of Warp Knit Fabric (WKF).
ST Engineering unit wins $18m LTA contract
March 8th, 2010 |
No Comments
ST Engineering says wholly-owned subsidiary ST Synthesis has been awarded a five-year contract worth about $18 million by Singapore’s Land Transport Authority (LTA).
The contract, which will start on June 1, 2010, entails the installation and maintenance of traffic signal systems for the eastern part of Singapore.
Rokko posts 80% rise in full-year net profit to $1.8m
February 2nd, 2010 |
No Comments
Rokko Holdings says its net profit after tax for the financial year ended Dec 31 2009 (FY2009) soared 80.1% to $1.8 million from $1 million a year earlier for the financial year ended Dec 31 2008 (FY2008), propelled by pent-up demand for semiconductor equipment during the second half of FY2009 (2H2009).
Rokko provides precision engineering services to customers in the semiconductor and electronics industries.
The higher profit was achieved on turnover of $29.5 million in FY2009, a rise of 48.5% from $19.9 million in FY2008, driven by strong recovery in the Equipment and Stamping Divisions, sales of which rose by approximately 106.3% and 29.6%, respectively, over the prior financial year.
Pteris Global bags $18m deal from Taoyuan airport city access rail link
February 1st, 2010 |
No Comments
Pteris Global says it has been awarded an $18 million contract to design and supply a Baggage Handling System and Container Handling System for Taoyuan International Airport City Access MRT System, Taiwan.
Pteris Global says this is the first downtown train station baggage check-in project that the company has successfully secured.
ATandT Offers $18M to Settle ETF Complaints
January 27th, 2010 |
No Comments
AT T files an early termination fee settlement in a New Jersey U.S. District Court, offering customers who filed a class action complaint $16 million in cash and $2 million in other benefits.
– AT amp;T has filed a class action settlement in a New Jersey U.S. District
Court regarding customer complaints about the company’s flat-rate early
termination fees. Although the document is dated Sept. 15, 2009, those involved in the lawsuit
were notified Jan. 26.
The carrier has offered $16 mil…
Qian Hu posts 3.6% in 4Q net to $1.8m, bringing full-year FY09 net to $6.5m
January 12th, 2010 |
No Comments
Qian Hu Corporation, the ornamental fish breeder and service provider, says net profit attributable to shareholders for 4Q09 ending Dec 31, 2009, rose 3.6% y-o-y to $1.8 million, bringing net profit for the full-year ending Dec 31, 2009 to $6.5 million.
Group revenue increased 4.4% to $23.9 million for the quarter and 1.7% to $94.6 million for the year, contributed by overall improvement in sales of its core ornamental fish, which grew by 2.8% to $47 million, and accessories which increased by 3.9% to $37 million. Sales from its plastics businesses declined 9.7% to $10.6 million due to lower selling prices as a result of lower raw material prices.