Z-obee Holdings, the designer of mobile handsets, says it posted a 71.8% rise in net profit to US$3.1 million ($4 million) for 3QFY2011 compared to US$1.8 million in 3QFY2010 although revenue decreased by 19.6% to US$37.1 million from US$46.2 million. The revenue fall was due to a trimming down by the group of the distribution and marketing segment which was the least profitable.
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The Hour Glass Limited, the purveyor of luxury watches, says net profit after tax improved by 21% to $11.1 million on higher gross margins attained for the third quarter ended 31 December 2010 (3Q FY2011). Group revenue was $144.2 million, a slight increase from $142.3 million from the last corresponding quarter.
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Biosensors International Group, today reported a net profit of US$13.3 million ($17 million) for its third fiscal quarter (3Q FY11), compared to US$12.4 million in 3Q FY10.
Total product sales in the third quarter were US$37.9 million, a 17% increase over the previous quarter (2Q FY11), and a 27% increase over the US$29.8 million reported in 3Q FY10. Overall growth was driven largely by continued growth in the sales of the BioMatrix family of drugâ€eluting stents (DES), which increased to US$26.3 million, up 26% over 2Q FY11 and 60% over 3Q FY10.
CSC Holdings, the homegrown foundation and geotechnical engineering specialist, says it posted lower net profit and earnings per share of $3.9 million and 0.28 cents respectively for for the three months ended 31 December 2010 (3Q11), compared to $5.0 million and 0.36 cents in 3Q10.
Third quarter revenue also increased 30.3% year-on-year to $94.2 million from $72.3 million in 3Q10 driven by improving demand for the group’s foundation engineering services.
SMRT says net profit for third quarter FY2011 (3QFY2011) grew by 9.6% to $43 million on account of higher revenue and absence of impairment of goodwill, although this was partially offset by higher operating expenses.
Group revenue for the third quarter increased by $19.1 million or 8.5% to $243.9 million.
Revenue from Train operations increased by $11.0 million (9.0%) in 3Q FY11 as a result of higher MRT ridership, partially offset by lower average fare for MRT due to the implementation of distance fares. In addition, the opening of Circle Line Stages 1 and 2 contributed to the increase in revenue.
Tiger Airways had a net profit of $22.6 million for October-December, up from $14.1 million a year ago.
Its revenue increased 22% to $170.4 million, up from $139.5 million the same period last year.
Tiger Airways is part-owned by Singapore Airlines (SIAL.SI).
The fourth-quarter data is in line with the initial estimates published earlier this month.
Revenue gained 12% to $269.5 million, SIA Engineering said in a statement to the Singapore stock exchange today. The group will continue to benefit from the recovery in the aviation industry, according to the statement. Demand for maintenance, repair and overhaul services is expected to remain firm.
Mainboard-listed Valuetronics Holdings, the designer and manufacturer for leading brands in the electronics sector, says net profit for the third quarter ended 31 December 2010 (3Q FY2011) climbed 133.8% y-o-y to HK$31.6 million ($5.2 million).
This came on the back of a 79.9% surge in revenue to HK$524.5 million ($86.2 million) which was driven by an increase in customer orders.
Mapletree Logistics Trust has announced a total distributable amount of $37 million for 4Q 2010, an improvement of 17% compared with 3Q 2010.
Gross revenue for 4Q 2010 increased by about 12% to $61 million from 3Q 2010 with the net property income (NPI) reflecting a corresponding improvement of about 13% against 3Q 2010.
DPU for 4Q 2010 grew to 1.55 cents from 1.54 cents in 3Q 2010.
Ascendas REIT (A-REIT), the business space and industrial real estate investment trust, says net property and related finance lease interest income increased 3.3% year-on-year to $84.1 million for 3Q FY2010/11.
Distribution Per Unit (DPU) grew by 0.6% year-on-year to 3.29 cents
STX OSV Holdings said profit in the third quarter rose 69% to 152 million kroner ($32.6 million) helped by growing demand for offshore support vessels. Sales dropped 27% to 2.14 billion kroner, the company said today in a statement to the Singapore stock exchange.
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The rise in Singapore office rents exceeded the 3.2% average for Asia but lagged the 10.8% increase in Hong Kong over the same period.
Midas Holdings says profit from continuing operations grew 44.3% to $13.7 million in the three months ended September 30, 2010 (3Q2010) from $9.5 million in 3Q2009. This was achieved on the back of a 34.5% jump in revenue to $49.8 million in 3Q2010 from $37.0 million in 3Q2009.
The group’s Aluminium Alloy Division continued to perform strongly in 3Q2010. Its revenue increased 34.9% to $47.4 million in 3Q2010 from $35.2 million in 3Q2009, accounting for 95.4% of total revenue.
Thai Beverage Pcl, Thailand’s largest brewer and distiller, said third-quarter profit rose 19% from the same period last year on higher sales. Net income rose to 2.23 billion baht ($97 million), or 0.09 baht a share, from 1.88 billion baht, or 0.07 baht, a year earlier, Thai Beverage said in a Singapore stock exchange filing today after the market closed.
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