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Posts Tagged ‘1h’

Kian Ann Engineering posts 28% growth in net profit to $7.3m for 1H

February 16th, 2010 | No Comments

Kian Ann Engineering, the distributor of heavy machinery parts, reported a 28.1% growth in net profit after tax of $7.3 million for the six-month ended 31 December 2009 (1HFY2010).

Group sales increased slightly by $0.2 million from $73.6 million to $73.8 million for the period under review. Sales from Malaysia climbed 17.2% or $3.1 million to $21.3 million, primarily due to a continuous recovery in demand for parts from timber and palm oil industries.

Sales from other Asian countries decreased by 8.1% from $7.8 million to $7.2 million for the period under review as a result of lower demand from India and Pakistan.

Union Steel Holdings swings back to black with net profit of $2.2m in 1H

February 11th, 2010 | No Comments

Union Steel Holdings reported a net profit of $2.2 million for the six months ended 31 December 2009 (1HFY2010), compared to a loss of $2.9 million in corresponding period a year ago.

The turnaround was achieved despite difficult trading conditions in the metal recycling and metals markets and was attributed to management’s focused efforts to ensure the group’s profitability through operational workflow improvement, active management of inventory and prudent working capital management.

Hai Leck Holdings posts 6% rise in net profit to $6.3m in 1H

February 11th, 2010 | No Comments

Hai Leck Holdings, the integrated service provider of scaffolding, corrosion prevention and insulation works, says it posted a net profit after tax of $6.3 million for the six months ended 31 December 2009 (1H2010), an increase of 6% over the $5.9 million it made in the previous corresponding period.

For the same period, Hai Leck made $68.7 million in revenue, a rise of 50% or $22.9 million from $45.7 million in the previous corresponding period. The increase is due mainly to higher revenue from on-going projects in the Project Services unit that were mostly contracted in FY2007 and late-FY2008.

Karin Technology posts net profit of $1.6m for 1H despite tough year

February 11th, 2010 | No Comments

Karin Technology Holdings, the IT and components solutions and services providers in Hong Kong and China, says it registered a net profit of HK$9.1 million ($1.6 million), coupled with a healthy cash balance of HK$44.7 million for the six months ended 31 December 2009 (1HFY10) despite the slowdown in the electronics industry.

Karin’s total revenue in 1HFY10 amounted to HK$756.9 million, a decrease of 16.2% from HK$902.8 million for the same period last year. The decrease was due mainly to a decrease in revenue from its three business segments – Information Technology Infrastructure segment, Components Distribution segment and Integrated Circuit Application Design segment.

Ellipsiz back in black with 1H net profit of $13.5m

February 11th, 2010 | No Comments

Ellipsiz, the probe card and distribution & services solutions provider to the semiconductor and electronics manufacturing industries, has reported net profit after tax and minority interests of $13.5 million on revenue of $67.2 million for the six months period ended 31 December 2009 (1HFY10).

The group turned around from a net loss of $6.4 million for 1HFY09 and net loss of $0.8 million for 1QFY10 to net profit after tax and minority interests of $13.5 million and $14.4 million for 1HFY10 and 2QFY10 respectively.

PEC posts 50% gain in net profit to $16.3m for 1H

February 8th, 2010 | No Comments

PEC Ltd., the plant and terminal engineering specialist, has reported a 50% increase in net profit attributable to shareholders to $16.3 million for the six months ended 31 December 2009 (H1 FY2010) from $10.9 million in H1 FY2009.

The group says it achieved this increase despite a slight decrease in revenue by 3% to $213.4 million due mainly to lower revenue contribution from maintenance activities.

Chosen Holdings posts 26.27% rise in 1H net profit to $2.3m

February 4th, 2010 | No Comments

Chosen Holdings has reported net profit rose 26.27 per cent to $2.31 million for the half year to end December 2009. However, revenue slipped 1.38% to $56.29 million. Revenue contribution from major product categories (printing and imaging, data media storage, communication and medical devices) remained relatively constant.

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SingTel gains on rumours it may float Optus as early as 1H

January 14th, 2010 | No Comments

Singapore Telecom (Z74.SG) extended its gains after sources tell Dow Jones Newswires that the telco firm plans to float part of its Australian unit Optus possibly as early as 1H10.

People familiar with the situation say SingTel wants to sell around 25% of Optus through an IPO in Australia that could raise about A$4 billion ($5.16 billion).

SingTel could use the proceeds to create a war-chest for acquisitions and expansion in markets outside Australia and Singapore.

Jason Marine posts 30% fall in 1H profit to $2.4m

December 9th, 2009 | No Comments

Jason Marine Group, the supplier and installer of control and communication equipment to ships and rigs, says group revenue fell 16.9% to about $29.4 million in HY2010 from about $35.4 million in HY2009.

Profit after income tax attributable to equity holders decreased 29.6% to about $2.4 million in HY2010 from about $3.5 million in HY2009.

The decrease is mainly due to the fall in revenue from the sale of goods during HY2010 as the demand for new vessels softened during the financial period following the global economic downturn.

SBI Offshore posts 68% rise in 1H profit to $1.8m

December 8th, 2009 | No Comments

Catalist-traded SBI Offshore, the engineering specialist in the marine and offshore industry, says profit rose by about 67.7%, from about US$0.8 million ($1.1 million) for the first six months ended 30 June 2008 (1H2008) to about US$1.3 million for the first six months ended 30 June 2009 (1H2009), generated by strong sales orders and higher commission revenue, which lifted the group’s revenue by about 68.7%, from about US$3.5 million in 1H2008 to about US$6 million in 1H2009.

Posts Tagged ‘1h’

Kian Ann Engineering posts 28% growth in net profit to $7.3m for 1H

Union Steel Holdings swings back to black with net profit of $2.2m in 1H

Hai Leck Holdings posts 6% rise in net profit to $6.3m in 1H

Karin Technology posts net profit of $1.6m for 1H despite tough year

Ellipsiz back in black with 1H net profit of $13.5m

PEC posts 50% gain in net profit to $16.3m for 1H

Chosen Holdings posts 26.27% rise in 1H net profit to $2.3m

SingTel gains on rumours it may float Optus as early as 1H

Popular Holdings posts 50% rise in net profit to $14.9m for 1H

SBI Offshore posts 68% rise in 1H profit to $1.8m

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