Lian Beng Group, the homegrown building construction group, says net profit doubled to $22.7 million for the six months ended November 2010 (1H11), compared to $11.4 million for the six-months ended November 2009 (1H10). This came on the back of a 58.2% rise in revenue to $249.3 million.
Posts Tagged ‘1h’
Services to drive Singapore GDP in 1H – J.P. Morgan
January 3rd, 2011 |
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Singapore’s economy is likely to remain strong in 1H11, driven by the services sector, says J.P. Morgan economist Matt Hildebrandt in a note.
“Looking ahead to 2011, we expect growth to be strongest in 1H and we expect growth drivers to rotate to services from manufacturing relative to 2010. Moreover, the economy overall should cool and we look for 5% growth in 2011.”
Citi nudges up GLP target; 1H results strong
November 30th, 2010 |
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Citigroup raises Global Logistic Properties (MC0.SG) target to $2.80 from $2.78, keeps at Buy.
Says strong fiscal 1H11 results helped by unique, policy-friendly business model, its China-Japan dual exposure.
Stamford Land’s 1H net profit after tax soars to $44.3m on favourable forex rate
November 12th, 2010 |
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Stamford Land Corporation, the operator of luxury hotels and developer of residential and commercial properties, says profit after tax increased 329.8% to $44.3 million for the half year ended 30 September 2010 (1HFY2011) from $10.3 million in 1HFY2010.
This was due to the favourable exchange rate for FY 2011 and fair value gains on investment properties. Hotels in Australia continue to perform strongly, with operating results for 2HFY2011 expected to be better than 1HFY2011.
Revenue fell slightly to $110.7 million in 1H11 from $111.0 million in 1H10.
NTA per share increased to $0.53 due to stronger A$ and NZ$ for investments in hotels and properties, with hotels conservatively valued at historical cost less depreciation.
A fair value gain of $47.3 million was recognised for the completion of Dynons Plaza in Perth.
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Hour Glass Group posts 38% rise in 1H profit after tax to $16m
November 12th, 2010 |
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The Hour Glass Group, one of Asia’s leading luxury watch retailers, says it registered a 4% rise in revenues to $232.9 million for half year ended 30 September 2010 (1H FY2011).
Profit after tax for the first half year increased 38% to $16.0 million and earnings per share was 6.67 cents for the half year ended 30 September 2010 (1H FY2011).
Tung Lok Restaurants reverses loss with 1H net profit of $332,000
November 10th, 2010 |
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Tung Lok Restaurants (2000) announced today a net attributable profit for the six months ended 30 September (1HFY11) of $322,000, reversing a loss of $871,000 a year earlier, as revenue rose in line with economic recovery and the opening of five new outlets in Singapore.
The Singapore Exchange Catalist-listed restaurant chain said the net profit was achieved on the back of a 25% rise in revenue to $44.3 million in 1HFY11 from $35.6 million in 1HFY10 as consumer confidence in Singapore increased.
KSH Holdings posts higher 1H net profit of $8.5m
November 8th, 2010 |
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KSH Holdings, the construction, property development and property management group, today announced a net profit after taxation of $8.5 million for for the half year ended September 30, 2010 (1HFY2011) compared to $10.1 million in 1HFY2010.
Revenue rose 15.4% to $144.1 million from $124.9 million for the previous corresponding period.
Mercator Singapore reports 15% jump in 1H net profit
October 26th, 2010 |
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Mercator Lines (Singapore), the Indian-owned international dry bulk shipping company focused on high growth markets such as India and China, today announced an increase of 15% in net profits to US$23.3 million ($30.1 million) for the first half of financial year March 2011 (1HFY2011) compared to US$20.2 million for the corresponding period previous year.
Qualitas Medical Group posts 43% rise in 1H profit to $1.8m
August 17th, 2010 |
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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.
Li Heng Chemical Fibre posts 159% rise in 1H net profit to $25m
August 13th, 2010 |
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Mainboard-listed Li Heng Chemical Fibre Technologies, the China-based manufacturers of high-end nylon fibres, today announced that for the half year ending 30 June 2010 (1H10), net profit rose 159% to RMB124.8 million ($24.9 million) from RMB48.2 million.
Revenue increased 41.5% to RMB1,310.2 million compared to RMB925.8 million its previous corresponding financial reporting period (1H09), on improving demand and higher average selling prices (ASPs) of nylon yarns in China on the back of an improved textile and garment industry.
Heatec Jietong posts 1H net profit of $0.43m
August 13th, 2010 |
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Catalist-listed Heatec Jietong Holdings, the provider of piping and heat exchanger services, today announced a net profit of $0.43 million for the half-year ended 30 June 2010 (1HFY 2010).
Half-year revenue stood at $18.19 million, compared to $20.55 million for the half-year ended 30 June 2009 (1HFY2009). The reduction in revenue was largely attributable to a special discount amounting to $2.33 million given to a major piping customer in the fiercely competitive marine industry.
CNA Group posts 22.3% rise in 1H net profit to $3.95m
August 13th, 2010 |
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Mainboard-listed CNA Group, the integrated building and facility management solutions provider, says net profit attributable to shareholders rose 22.3% to $3.95 million for the six months ended 30 June 2010 (1H2010) led by an increase in the share of profit from associate Standard Water Limited (SWL) to $3.7 million in 1H2010 from $1.7 million in 1H2009.
8Telecom more than doubles 1H net profit to $7.3m
August 13th, 2010 |
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SGX Mainboard-listed 8Telecom International Holdings Co., the manufacturer and provider of telecommunication infrastructures and emerging property developer in China, announced today a 154.9% year-on-year jump in net profit to RMB36.7 million ($7.3 million) for the half year ended 30 June 2010 (1H2010) from RMB14.4 million a year ago.
1H2010 turnover improved by 12.9% y-o-y to RMB253.5 million from RMB224.6 million in 1H2009 mainly due to bulk sales of 9,365 sqm of office space from its Linping Times Square property, and enlarged contribution from telecom engineering services segment.
Friven & Co. narrows 1H loss to $1.1m
August 13th, 2010 |
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Friven & Co. says it recorded a smaller net loss of $1.1 million for the six months ended 30 June 2010 (1H2010), compared to a net loss of $1.9 million in the previous corresponding period ended 30 June 2009 (1H2009), largely due to the group’s cost optimisation efforts.
Friven distributes soft furnishings and accessories for bed, bath, and home as well as children’s apparel and accessories.
Chip Eng Seng reports 76% surge in 1H net profit to $47.2m
August 13th, 2010 |
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Chip Eng Seng Corporation, the construction and property group, has reported a 76% surge in net profit to $47.2 million in the six months ended 30 June 2010 (1H 2010) and a 55% surge in 2Q 2010 net profit to $22.4 million.
2Q 2010 group revenue rose 84% to $125.0 million, boosted mainly by property sales as well as higher construction activities.
Sinomem Technology posts 52% rise in 1H profit to $16.1m
August 13th, 2010 |
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Sinomem Technology, the developer of advanced membrane materials for wastewater treatment, says it achieved a 52% rise in profit attributable to equity holders to $16.1 million for first half ended 30 June 2010.
Group revenue increased 24% y-o-y to $66.6 million whereas cost of sales increased relatively at a slower pace of 17%. Sinomem says all three core business segments reported higher profit margin as a result of improving global business environment.
First half’s earnings per share rose to 3.21 cents, from 2.31 cents a year earlier.
Net asset value per share improved to 52.7 cents, of which 20% or $52.4 million were made up of cash and cash equivalents.
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Hock Lian Seng posts 62% rise in 1H net profit to $15.2m
August 13th, 2010 |
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Hock Lian Seng Holdings, the civil engineer and a building materials supplier, says it posted a 61.9% y-o-y increase in net profit attributable to shareholders to $15.2 million in 1H2010 from $9.4 million in 1H2009.
Revenue for the group increased 8.9% to $118.8 million in 1H primarily due to the progressive recognition of revenue from the Marina Coastal Expressway and Jalan Gali Batu Depot projects in the Civil Engineering segment.
Together with better gross margins from new projects and additional works done, gross profit grew 30.8% y-o-y to $15.6 million.
Hock Lian Seng says the group also disposed $8.1 million worth of investment securities in quoted shares during the period. This resulted in a one-off gain of $4.0 million which in turn helped to lift the net profit.
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Darco Water swings back to black in 1H
August 13th, 2010 |
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Mainboard-listed Darco Water Technologies, the provider of integrated engineering and knowledge-based water treatment solutions, announced a revenue of $26.4 million in the first six months ended 31 June 2010 (1H FY2010), a year-on-year (y-o-y) decrease of 21.0% from $33.3 million in the first six months ended 31 June 2009 (1H FY2009).
Despite the drop in revenue, the group improved its gross profit and margins during the period and turned in a positive net profit after tax of $0.7 million in 1H FY2010.
Food Empire swings back to black with 1H profit of $9.4m
August 13th, 2010 |
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Food Empire Holdings, the manufacturer of instant beverage products, frozen convenience food and snacks, says it achieved a turnaround in the first half of 2010 with a profit after tax of US$6.9 million ($9.4 million), compared to a loss of US$2.2 million loss for the same period last year.
The strong results came on the back of a surge in sales, particularly in the group’s largest market of Russia. The group’s revenue for the first half of this year was US$81.9 million, an increase of 47.0% compared to the same period in 2009.
Sino Grandness posts 86% rise in 1H net profit to $8.2m
August 13th, 2010 |
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Mainboard-listed Sino Grandness Food Industry Group, the Shenzhen based integrated manufacturer of canned fruits and vegetables today, announced for the first six months ended 30 June 2010 (1H2010), net profit attributable to shareholders jumped 85.8% to RMB40.9 million ($8.2 million) from RMB22.0 million in the same period last year (1H2009).
Earnings per share in 1H2010 was 16.6 RMB cents while net asset value per share as at 30 June 2010 was 126.2 RMB cents.