Stamford Land Corporation, the owner and operator of luxury hotels and developer of top-tier residential and commercial properties, says profit after tax increased by 113% to $16.8 million for the third quarter 2009/10 due from $7.9 million a year ago due to the absence of unrealised losses in current investments and lower finance costs.
Revenue edged up 1.3% to $182.4 million from $180.2 million as its hotels in Auckland and Adelaide continued to perform strongly.
SingTel (Z74.SG) is outperforming the market after fiscal 3Q10 results beat market expectations slightly, with shares up 2% at S$3.01 vs flat STI.
Its resistance at 30-day moving average of $3.02 was tested earlier and may well prove to be the near-term cap looking at order book quotes.
Telco’s 3Q10 net profit gained 24% on-year to $990.7 million, driven by stronger AUD and increased contribution from regional associates.
Valuetronics Holdings, the premier design and manufacturing partner for the world’s leading brands in the consumer, commercial and industrial electronics sectors, says the group posted a 7.8% increase in net profit after tax to HK$13.5 million ($2.47 million) for the quarter ended 31 December 2009 (3Q FY2010).
Revenue for 3Q rose 17.6% to HK$291.6 million, achieved from higher revenue contribution boosted by the increase in customers’ orders.
Boustead Singapore, the global infrastructure-related engineering services and geo-spatial technology group, announced its financial results for the third quarter ended 31 December 2009.
For 3Q FY2010 and 9M FY2010, the group said it achieved revenue of $103.6 million (-9.6% y-o-y) and $336.8 million (+3.6% y-o-y) respectively. Net profit attributable to owners of the parent were $8.7 million (-15.5% y-o-y) and $28.9 million (+13.7% y-o-y) for the respective periods.
For 3QFY2010, KSH Holdings says it achieved a turnaround in net profit after tax to $5.2 million from a loss of $0.9 million in the same corresponding period last year.
This was achieved on the back of $82.5 million in revenue in 3QFY2010 with contribution from a new project and other ongoing projects that are progressing into more advanced stages of construction.
CSC Holdings, the homegrown foundation and geotechnical engineering specialist, has posted a profit after tax to $5 million for the three months ended Dec 31, down 39% from $8.2 million a year earlier.
Revenue fell 41.3% to $72.3 million from $123.1 million.
Singapore Telecommunications (Z74.SG) is likely to report 20.3% y-o-y rise in fiscal 3Q net profit on the back of weak comparison base and more favourable foreign exchange rates.
Average forecast from Dow Jones poll of six analysts tips SingTel 3Q net profit at $961.2 million vs $798.9 million year ago, while operating revenue seen up 17.3% at $4.34 billion vs year ago.
Possible Optus IPO and competitive pressure in Australia, India and Indonesia remain closely watched topics for SingTel.
Its results are due before trading hours for Singapore, Australia next Tuesday, on Feb 9.
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AIMS AMP Capital Industrial REIT, formerly known as MacarthurCook Industrial REIT, has announced a distribution of 0.1868 cents per unit for the period from Nov 24 2009 to Dec 31 2009. The books closure date to determine the entitlement to this distribution is Feb 18 2010 and the date payable is Mar 26 2010.
The DPU for 3QFY2010 and YTD FY2010 were lower than comparatives largely due to the issuance of 221,428,572 placement units and 975,627,332 rights units in 3QFY2010, higher borrowing costs in 3QFY2010 and higher trust expenses.
SATS, the provider of airport services and food solutions, says group revenue grew 79% to $434.3 million in the third quarter of FY2009-10, due to the consolidation of Singapore Food Industries (SFI) which amounted to $199.6 million.
This was partially offset by a 3% (–$6.1 million) drop in aviation revenue to $228.4 million.
The airline industry is recovering from its worst downturn last year, but growth in the more profitable business class segment, where SIA thrives, is slow and could take time to capture pre-crisis level.
Singapore Airlines say the group returned to profitability in the third quarter of the financial year with a net profit attributable to equity holders of $404 million. This was a turnaround from losses of $307 million in the first quarter and $159 million in the second quarter.
Group revenue at $3,418 million was $336 million (+10.9%) higher than the second quarter.
Mainboard-listed United Envirotech, one of the leading membrane-based water and wastewater treatment solutions providers, says it posted a 383.6% y-o-y increase in net profit of $5.2 million in 3QFY2010.
On the back of higher engineering income and recurring treatment revenue, the group recorded $18.8 million revenue in 3QFY2010, representing 114.3% y-o-y increase in revenue.
Singapore Post, the city-state’s postal service operator, says group revenue grew 12.7% to $139.6 million in the third quarter, boosted by inclusion of revenue from Quantium Solutions (formerly known as G3 Worldwide Aspac group of companies).
The group’s net profit grew 20.6% to $44.1 million while its underlying net profit rose 6.3% to $38.9 million.
Biosensors International Group (BIG SP) today announced accelerated sales and earnings growth for its third fiscal quarter (3Q FY10) and nine months ended Dec 31 2009 (FY10 nineâ€month period).
Total product sales in the third quarter were US$29.8 million ($41.9 million), a 19% sequential increase over the previous quarter (2Q FY10), and a 54% increase over the same period a year ago (3Q FY09), driven largely by continued growth in the sales of the BioMatrix drugâ€eluting stent.
The SIA Engineering Group posted a profit attributable to equity holders of $56 million for the third quarter FY2009-10, a decrease of $7 million or 11.1% over the corresponding period last year.
Revenue at $241.5 million was lower by $28.5 million or 10.6%, due to a drop in airframe maintenance and component overhaul work against the backdrop of a continued reduction in aircraft utilisation.
Ascendas India Trust (a-iTrust), says it achieved a total property income of $29.9 million for third quarter ended Dec 31 2009 (3QFY2009/10).
This was 4% higher than the corresponding quarter last year. Net property income was $19.3 million, or 13% higher.
Distributable income for 3Q FY2009/10 fell 8% $14.1 million. DPU too fell 8% to 1.85 cents.
Ascendas Real Estate Investment Trust (A-REIT) says it has a quarterly net property income y-o-y growth of 9.7% for the three months ending Dec 31, 2009 (3Q FY09/10) to $81.3 million and a 13.4% growth in distributable income to $61.2 million.
TPV Technology said third-quarter profit rose 26% as the world’s biggest contract maker of computer monitors increased sales of flat-panel televisions.
Net income advanced to US$39.5 million, or 1.73 cents a share, from US$31.4 million, or 1.4 cents, a year earlier, TPV said in a statement to the Hong Kong stock exchange today. The company was expected to report a profit of US$41 million, the median of three analysts’ estimates in a Bloomberg survey.
