Mainboard-listed KS Energy Services today announced revenue of $139.6 million and net loss after tax of $25.8 million for the quarter ended 30 June 2010.
KS Energy Services says the group’s profit was hit by revisions in the FRS 27 (Consolidated and Separate Financial Statements) and FRS 103 (Business Combinations), resulting in a loss. Had it not been for this change, the group says it would have reported year-to-date profit after tax of $23m.
Parkway Holdings, the operator of private hospitals, says profit after tax and minority interests (PATMI) excluding exceptional items, increased by 10% to $25.8 million for the three months ended 31 March 2010 (1Q 2010). Group revenue grew by 8% to $247.6 million compared to $229.6 million in the corresponding year-ago period.
Revenue from Parkway’s Singapore Operations grew by 10% to $165.3 million in 1Q 2010 compared to $150.3 million in the previous corresponding quarter. The group’s Singapore operations remain its largest revenue contributor, accounting for 67% of total revenue in 1Q.
Chip Eng Seng Corporation, one of the leading construction and property groups, has been awarded the tender for a land parcel at 27-39 Mackenzie Street in Melbourne, Victoria, for A$20.2 million ($25.8 million). The land tender was won by its wholly-owned subsidiary CES-Mckenzie (Victoria).
