Net income climbed to $346.3 million from $319.6 million a year earlier, the company said in a Singapore stock exchange statement today. That beat the $289.3 million average of three analyst estimates compiled by Bloomberg. Sales dropped 19% to $2.45 billion.
Keppel, more than one-fifth owned by Singapore state investor Temasek Holdings (TEM.UL), posted a net profit of $346.3 million for the quarter ended September, up from $319.6 million a year ago.
Around 0100 GMT, Parkway shares were traded at $3.87, up 8.4% from Wednesday. The stock was suspended from trading on Thursday.
A new national telephone poll conducted by Opinion Dynamics Corp. for Fox News concludes:Most American voters believe it’s possible the nation’s economy could collapse, and majorities don’t think elected officials in Washington have ideas for fix…
Li Heng Chemical Fibre Technologies, the manufacturer of high-end nylon fibres, says it posted a 84.1% fall in net profit to RMB130.3 million ($26.8 million) for the year ending 31 December 2009 (FY09). Revenue was RMB2 billion, 46% lower than its corresponding period FY08.
Gross profit for FY09 was RMB250.9 million, 76.4% lower as compared to FY08, and for the same corresponding period, gross profit margin contracted to 12.6% from 28.7%.
As a result of the slowdown in the global economy in 2008, China’s textile and garment industry was inevitably affected which in turn led to price pressure on the group’s nylon yarn products. In FY09, group revenue decreased by 46% to RMB2 billion as compared to FY08.
Li Heng Chemical Fibre Technologies, one of China’s leading manufacturers of high-end nylon fibres, says it posted revenue of RMB2 billion ($413 million) for the financial performance for the full year ended 31 December 2009 (FY09), 46% lower than in FY08.
Net profit after tax in FY09 fell 84% lower to RMB130.3 million in line with the lower revenue and gross profit.
ARA Trust Management (Suntec), the manager of Suntec Real Estate Investment Trust (Suntec REIT) says it achieved a distribution income of $47.83 million for the period from Oct 1 to Dec 31 2009 (4Q FY09), which was 8.4% higher compared to the quarter ended Dec 31, 2008 (4Q FY08).
The DPU of 2.886 cents for 4Q FY09 was also 1% higher year-on-year.
Suntec REIT achieved gross office revenue of $28.8 million for 4Q FY09, which was 0.3% higher than in 4Q FY08. For FY09, the gross office revenue rose 13.8% year-on-year to $118.0 million.
Visitor arrivals in Singapore rose 8.4% in November from a year earlier, the highest growth for 2009, the Singapore Tourism Board (STB) said today.
The STB said there were 830,000 visitors in November.
Tourists also spent more time in Singapore in November, leading to the first year-on-year growth in 2009 for visitor-days, which edged up 0.7% to an estimated 3.1 million days.
