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Posts Tagged ‘74m’

Biosensors acquires bifurcation-stent specialist Devax for $7.4m

Biosensors International Group today announced the acquisition of certain assets of Devax, Inc., a maker of specialty stents, for a total consideration of US$5.7 million ($7.4 million).

Headquartered in Irvine, California, US, Devax develops the Axxess drug-eluting stent (DES) system designed specifically to treat the complex type of coronary artery disease that forms at the intersection of two vessels. Coronary bifurcations are prone to develop atherosclerotic plaque because of turbulent blood flow and high shear stress near the main branch and the adjacent side branch.

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Biosensors acquires bifurcation-stent specialist Devax for $7.4m

Biosensors International Group today announced the acquisition of certain assets of Devax, Inc., a maker of specialty stents, for a total consideration of US$5.7 million ($7.4 million).

Headquartered in Irvine, California, US, Devax develops the Axxess drug-eluting stent (DES) system designed specifically to treat the complex type of coronary artery disease that forms at the intersection of two vessels. Coronary bifurcations are prone to develop atherosclerotic plaque because of turbulent blood flow and high shear stress near the main branch and the adjacent side branch.

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China Minzhong Food posts 28% rise in net profit to $74m

China Minzhong Food Corporation, the integrated vegetables processor, reported a 27.6% increase in net profit to RMB367.5 million ($73.6 million) for the full year ended 30 June 2010 (FY2010) from RMB288.1 million in FY2009.

Revenue rose 34.5% to RMB1,422.6 million in FY2010 from higher sales in both the processed products and fresh vegetables produce segments. Processed products constituted 67.7% of the group’s revenue in FY2010 with the remaining 32.3% coming from fresh vegetables produce.

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Consciencefood posts 14.4% rise in half-year net profit to $7.4m

Consciencefood Holding, the Indonesian-based halal-certified instant and snack noodles manufacturer, says it recorded a HY2010 (six months ended 30 June 2010) net profit increase of 14.4% to Rp48.5 billion ($7.4 million) compared to HY2009’s Rp42.4 billion. With the exclusion of the exceptional foreign exchange gain in HY2009, net profit increase for HY2010 would be 26.9%.

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SIA Engineering posts 4Q profit of $74m, up 13%

SIA Engineering says profit attributable to equity holders for the fourth quarter ended 31 March 2010 was $73.9 million, an increase of $8.4 million or 12.8% over the same period last year with the quarter’s results benefitting from surplus on disposal of fixed assets and write-back of tax provisions by an associated company.

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Renewable Energy Asia wins $7.4m contract to manufacture wind turbine towers

Renewable Energy Asia Group, formerly known as Superior Fastening Technology, has won a contract to design, manufacture and supply wind turbine towers for a 49.5 megawatt (MW) wind farm located in Huaishuo, Guyang County, Inner Mongolia.

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Trump Dragon Distillers posts 2.1% rise in net profit to $7.4m in 2Q

Trump Dragon Distillers Holdings, the producer and seller of baijiu products in Henan Province, China, says the group registered a 2.1% y-o-y rise in net profit attributable to equity holders of RMB35.6 million in the three months ended December 31, 2009 (2QFY2010).

But group revenue decreased 9.5% to RMB210.3 million from RMB232.3 million in the previous corresponding period. This was due mainly to the decrease in overall average selling price (ASP) from RMB37.6 per kilogram in 2QFY2009 to RMB31.6 per kilogram in 2QFY2010, although sales volume had increased from 6,178 tonnes to 6,655 tonnes in the respective periods.

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Starhub posts 15% fall in 4Q net profit to $74m

Starhub has reported operating revenue of $550 million for the fourth quarter of 2009 and $2.15 billion for the full year. The group’s EBITDA for the quarter was $152 million or 8% lower year-on-year but 1% higher at $654 million for the full year. EBITDA margin as a percentage of service revenue was at 29.2% for the quarter and 31.8% for the full year.

For the quarter, profit from operations at $89 million was 15% lower y-o-y but remained stable for the full year at $408 million. Net profit after tax decreased 15% for the quarter but increased 3% for the full year recording $74 million and $320 million respectively. Free cash flow (FCF) at $82 million for the quarter was about the same as last year. Looking at the full year, FCF at S$461 million was 22% higher than last year’s $378 million.

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