MobileOne (B2F.SG) may edge up on solid 4Q09 results, though some uncertainty on outlook may cap upside.
The telco reported that 4Q09 net profit gained 4.5% on-year to $37.5 million on higher revenue, lower tax payment, exceptional gain from interest rate swap. Revenue rose 11.1% on-year to $216.2 million.
CapitaCommercial Trust has announced a distributable income of $198.5 million for the financial year ended Dec 31 2009 (FY 2009).
The full year distribution per unit (DPU) of 7.06 cents is a 28.8% year-on-year increase from FY 2008 DPU of 5.48 cents.
For the financial period Oct 1 2009 to Dec 31 2009 (4Q 2009), CapitaCommercial Trust says it achieved a distributable income of $52.9 million. 4Q 2009 DPU of 1.88 cents is 38.2% above 4Q 2008 DPU of 1.36 cents. CapitaCommercial Trust’s distribution yield is 6.0% based on the closing price of $1.18 per unit on 19 January 2010.
China Fibretech says the group expects to report materially lower revenue and a loss before taxation financial results for the fourth quarter FY2009.
It attributes the lower revenue and loss to the decrease in demand for its fabric processing services. However, for the full FY2009, the group is still expected to be profitable, although revenue will be materially lower as compared to the financial year ended Dec 31 2008.
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Qian Hu Corporation, the ornamental fish breeder and service provider, says net profit attributable to shareholders for 4Q09 ending Dec 31, 2009, rose 3.6% y-o-y to $1.8 million, bringing net profit for the full-year ending Dec 31, 2009 to $6.5 million.
Group revenue increased 4.4% to $23.9 million for the quarter and 1.7% to $94.6 million for the year, contributed by overall improvement in sales of its core ornamental fish, which grew by 2.8% to $47 million, and accessories which increased by 3.9% to $37 million. Sales from its plastics businesses declined 9.7% to $10.6 million due to lower selling prices as a result of lower raw material prices.
Singapore’s economy shrank for the first time in three quarters as weaker manufacturing output interrupted the island’s recovery from its deepest recession since independence in 1965.
Gross domestic product contracted an annualised 6.8% from the previous three months last quarter after climbing a revised 14.9% from July to September, the trade ministry said in a statement today. That was worse than the median estimate for a 2.1% decline in a Bloomberg News survey of eight economists. The economy shrank 2.1% in 2009.
Singapore’s dollar slid after the economy contracted for the first time in three quarters, interrupting the island’s recovery from its deepest recession since independence in 1965.
The island’s gross domestic product contracted an annualised 6.8% in the fourth quarter of 2009 after growing a revised 14.9% in the previous three months, the trade ministry said in a statement today. That was worse than the median estimate for a 2.1% decline in a Bloomberg News survey of eight economists.
Cerebos Pacific today says it posted a 26% rise in 4th quarter FY2008/9 net profit to $25.1 million from $19.8 million in the 4th quarter of last year. Operating profit before interest and tax was 10% above the 4th quarter of last year, mainly from stronger sales in most product categories in most of its major markets.
For the full year FY2008/9, Cerebos achieved a net profit of $82.8 million ($81 million in FY2007/8) on level turnover of $775.2 million. Excluding the translation loss of $59.9 million, the growth in full-year turnover would have been 8%, driven by the growth from all three core businesses of Health Supplements, Coffee and Sauces. Group operating profit was 4% lower than the previous year. Excluding the translation loss of $4 million, Operating Profit would have been on par with last year. Return on shareholders’ funds was a respectable 22.8%.
