M1 Limited says net profit after tax increased 5.7% y-o-y to $119.6 million for the nine months ended 30 September 2010.
Operating revenue at $717.8 million rose 27.0% y-o-y due to higher service revenue and handset sales. Service revenue grew 4.9% to $546.0 million, benefiting from growth in both postpaid and prepaid mobile customers, as well as contribution from fixed services. EBITDA at $235.9 million was up 2.4%.
Singapore-based Enzer will acquire 30% stake in shipping group A3 Offshore for US$974,000 ($1.3 million), to be funded by proceeds from Enzer’s recent rights issue.
“Enzer Corp is changing skin, from retailing audio what-nots to becoming an oil and gas play,” says trader. Move comes as Enzer struggling to stem losses. Revenue for fiscal FY10 ended March down 76% at merely $121,000 on weak demand, with $934,000 net loss. Orderbook quotes suggest price may test $0.18.
SIA Engineering Company says it recorded a profit attributable to shareholders of the company of $70.8 million, an increase of $25.7 million or 57.0% from the same quarter last year. The result was in line with the recovery in the aviation industry, says SIA Engineering.
Revenue rose $44.1 million or 18.1% to $288.3 million over the same period last year. This was primarily contributed by airframe maintenance and component overhaul work and fleet management programme revenue. Expenditure increased by a lower $20.2 million or 8.7% to $252.1 million mainly reflecting higher material and staff costs to support the increase in maintenance, repair and overhaul work.
Datapulse Technology, the total solution provider of CD and DVD services in the Asia Pacific region, reported that net profit decreased 57% for the third quarter results for the financial year 2010 (3QFY2010) to $1.4 million from $3.3 million (3QFY2009).
GMG Global, the integrated producer of natural rubber from planting to marketing and exporting of natural rubber; announced a 59.6% increase in net profit to $6.3 million for the three months ended 31 March 2010 (1Q2010).
DMG has raised CNA Group’s (5GC.SG) target price to 57 cents from 51 cents on the back of earnings forecast upgrades, maintaining “buy” rating, reported Dow Jones Newswires.
The broker says control and automation systems firm’s recent FY09 results well above expectations; raises FY10 earnings estimates by 11.8% to factor in stronger contribution from associates due to higher assumed margins.
UOB, Singapore’s second largest bank, has reported a record operating profit of $3.33 billion for 2009.
Total operating income rose 3% to $5,405 million, supported by higher net interest income and higher trading and investment income. Net interest income rose 2.7% to $3,674 million, mainly due to higher net interest margin, which increased 9 basis points to 2.36%, coupled with better gapping profit. Non-interest income grew 3.4% to $1,732 million, contributed largely by higher trading and investment income.
Total operating expenses increased 1.2% to $2,074 million. This was due to higher staff costs, which rose 3.1% to $1,116 million from higher bonus accruals. The overhead income ratio remains well managed at 38.4% for the year.
Indian officials are investigating who may be responsible for a bombing that killed nine people and wounded scores of others late Saturday in the city of Pune. The blast struck a bakery popular with tourists.
TPV Techology, the world’s biggest contract maker of computer monitors, rose 5.7% to HK$5.16 (93.5 cents) in pre-market trading in Hong Kong.
The shares resumed trading after a one-day suspension on Jan 29 pending details of a general offer led by China Electronics Corp., TPV’s biggest shareholder.
China Electronics said on Jan 29 it will pay HK$5.20 to buy outstanding TPV shares.
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Hollywood actor George Clooney’s Hope For Haiti Now telethon has raised more than $57 million for the earthquake relief effort.
Hollywood’s elite, including Jack Nicholson, Ben Affleck and Mel Gibson, manned telephones during Friday night’s event, while Alicia Keys, Madonna, Beyonce, Bono and Christina Aguilera were amongst the stars who performed live at one of three [...]
Boustead Singapore (F9D.SG) shot up at the opening, gaining 5.7% to hit 83.5 cents or more than its three-month high, as news of its engineering group’s order book reaching $500 million in two weeks fuel interest.
Boustead’s total contract value was boosted by its latest project worth $68 million to supply equipment to energy plants in Australia, Brazil, Saudi Arabia, UK. The deal comes just two weeks after Boustead landed its record largest contract, worth $107 million, to build production plant.
Actor Patrick Swayze, whose turn as a smoldering dance instructor in “Dirty Dancing” made him one of the iconic film stars of the 1980s, died on Monday after a long battle with pancreatic cancer. He was 57. Swayze, an actor and dancer who cemented his status as sex symbol opposite Demi
PESHAWAR (APP/AFP/Reuters) – Forces on Saturday killed at least 57 militants and destroyed their headquarters in the Khyber tribal area bordering Afghanistan, a government official said.
The Khyber Pass is a main route for supplies being trucked from Karachi to Western forces battling al-Qaeda and Taliban militants in Afghanistan.
Helicopter gunships, paramilitary troops and artillery units carried out the attack on a Lashkar-i-Islam headquarters in the Tirah valley, a security official in Peshawar told AFP.
At least 57 militants were killed and 107 others arrested during the operation, Political Agent of Khyber Agency Tariq Hayat Khan told the media persons at Shakas Fort in Bara.
A spokesman for the paramilitary Frontier Corps said that dozens of militants were killed, but the toll could not be confirmed through independent sources as the area is under military control.
Forces have been fighting an offensive in the area after a suicide bomber blew himself up inside a police barracks near the Torkham border crossing between the two countries on August 28, killing 22 security personnel.
“Today (Saturday) the security forces destroyed the hideouts and a training centre of the Lashkar-i-Islam in Tirah valley, heavy casualties of militants are expected,” said an earlier Frontier Corps statement.
Security forces on Thursday destroyed the vacated house of Mangal Bagh, the hardline chief of the group. He had already escaped to the mountains, officials said.
Bagh is accused by officials of running torture centres and private jails and running a Taliban-style system in some parts of Khyber tribal district.
The operation would continue until the militants are completely eliminated, Political Agent Tariq added.
He informed that curfew, imposed due to operation, will be regularly relaxed from 3:00 pm to 6:00 pm. Earlier, Maj Abid of Frontier Corps informed newsmen that huge quantity of explosive was seized during the operation.
The airstrikes come as troops continue mopping up militant positions in the Swat valley, where the military says more than 2,000 militants have been killed since an offensive was launched in April.
In Swat, security forces killed a militant commander and arrested five others, according to a military statement. Another seven militants surrendered to security forces.
Troops also destroyed two militant hideouts in the neighbouring Dir region, the military said.
Online adds: The security forces backed by jet fighters bombarded militantsÂ’ hideouts in different areas of Lower Orakzai Agency, killing more than 10 extremists.
Over 10 extremists were killed when security forces jet fighters pounded militantsÂ’ hideouts in Feroz Khel, Anjani and Sultan Zai areas of Orakzai Agency. More than 10 hideouts of militants were targeted and they were completely destroyed in the security forces action, sources said. The local population also been affected with the security forces bombardment and various houses were damaged. The recent action of security forces caused fear among the locals.
It is merit mentioning here that the security forces launched major offensive against anti-state elements in Khyber Agency, Orakzai Agency, Mohmand Agency, Swat, Dir, Buner, South Wazirisitan and other tribal areas. Score of militants have been killed and apprehended in the operations so far. The security forces vowed to carry out operation till complete elimination of terrorists and extremists.
The military has also achieved major success in war against terrorism by dismantling terrorists network and arresting top commanders and killing more than 14,000 terrorists in Malakand division. As a result of operation Rah-e-Rast in Swat and operation Rah-e-Nijat in South Waziristan, the law and order situation has improved in violence-hit NWFP.
