Singapore Airlines fell 1.5% to a six-month low of $14.82 after the world’s second-biggest airline by stock market value reported a worse-than-expected drop in third-quarter profit due to charges to pay for antitrust fines.
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Posts Tagged ‘drop’
Guocoland posts 64% drop in 2Q net earnings to $21.6m
January 27th, 2011 |
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Guocoland says net earnings dropped 64% to $21.6 million for the second quarter ended December 31, 2010 (FY2010) on the back of a 55% decrease in revenue to $162.8 million. The was led by lower sales contribution from its development projects in China. Meanwhile, share of profit from associates increased by $5.9 million in 2QFY2010, mainly due to higher share of profit from a Singapore associate after the successful sale of a penthouse unit in the quarter.
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Singapore extends housing measures; developers drop: Update
January 14th, 2011 |
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Singapore raised down payment requirements for second mortgages and boosted sales taxes to curb property speculation, sending shares of the city’s biggest developers down the most in 11 months.
Individuals with more than one mortgage can borrow up to 60% of a property’s value, down from 70%, while the stamp duty on homes and land sold within one year will rise more than fivefold, the government said in a statement yesterday.
Apple, ATandT Drop iPhone 3GS Pricing to $49
January 6th, 2011 |
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Apple and AT&T are reducing the Apple iPhone 3GS to $49 beginning Jan. 7. Are the pair competing against bargain-price Android handsets, or also expecting a Verizon iPhone? – @font-face {
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Apple and AT amp;T are
dropping the price of the iPhone 3GS to just $49, b…
NYC Officials Put Kibosh On Snooki New Year’s Eve Ball Drop In Times Square
December 30th, 2010 |
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So much for a Very Snooki New Year’s Eve! Officials in The Big Apple have pulled the plug on MTV’s buzzed-about “Snooki Ball Drop” in Times Square this New Year’s Eve, PopEater squeals snitched on Wednesday. Earlier this month, MTV announced plans to put Jersey Shore star Nicole “Snooki†Polizzi inside the ball that will [...]
“Million Dollar Money Drop†Couple Brittany & Gabe Get Second Shot At Fortune
December 27th, 2010 |
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A couple will get another chance to win on a TV game show after they lost $800,000 on a question despite answering it correctly. On last week’s season premiere of the new FOX game show Million Dollar Money Drop, contestants Gabe Okoye and Brittany Mayti were asked: “Which product was sold in stores first: Post-it [...]
Botnet Holiday Spam Levels Drop for Christmas
December 22nd, 2010 |
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Security researchers say holiday-related spam has been relatively low this year. – Holiday spam just isn’t what it used to be.
According to security vendors, the amount of Christmas-related spam has
dwindled significantly for 2010. While the end of the year has traditionally
been a time for an upsurge in Christmas holiday spam, it now accounts for less
than 1 percent of all th…
Singapore export growth slows as pharmaceutical shipments drop
December 17th, 2010 |
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Singapore’s exports grew at the slowest pace in a year in November as manufacturers shipped fewer electronics and pharmaceutical goods abroad.
Non-oil domestic exports climbed 10% from a year earlier, after a 34.5% gain in October, the trade promotion agency said in a statement in Singapore today. The median forecast of 11 economists surveyed by Bloomberg News was for an increase of 21.5%.
Warne tweets his disgust over Oz selectors’ decision to drop Hauritz
November 20th, 2010 |
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Spin legend Shane Warne has criticized the Australian selectors for dropping Nathan Hauritz from the 13-man Ashes squad for the Gabba Test. Hauritz was left out of the Australian team with Tasmania’s Xavier Doherty and leg-spinning all-rounder Steve Smith named in the squad instead. Warne used his favourite medium, Twitter, to question the decision to [...]
Octomom Nadya Suleman & The Brood Drop In To Millions Of Milkshakes
November 11th, 2010 |
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We all know times are tough for down and out Octomom Nadya Suleman and her brood of 14 kids – but making your tots split a single milkshake? That’s cold. Check out The Suleman Clan making their first public appearance at West Hollywood celebrity haunt Millions of Milkshakes on Wednesday.
China Animal Healthcare posts 64% drop in 3Q net profit to $3.6m
November 11th, 2010 |
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China Animal Healthcare, one of the leading players in China’s animal drugs industry, posted record revenue of RMB160.9 million ($31.3 million) for the three months ended 30 September 2010 (3Q2010).
But net profit declined 64% y-o-y to RMB18.4 million due mainly to the incurrence of numerous non-routine expenses such as professional fees in connection with CAH’s proposed listing on the Stock Exchange of Hong Kong amounting to RMB14.4 million and the non-cash fair value charge of RMB19.2 million for the 13.0 million new shares issued to employees.
China Animal Healthcare posts 64% drop in 3Q net profit to $3.6m
November 11th, 2010 |
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China Animal Healthcare, one of the leading players in China’s animal drugs industry, posted record revenue of RMB160.9 million ($31.3 million) for the three months ended 30 September 2010 (3Q2010).
But net profit declined 64% y-o-y to RMB18.4 million due mainly to the incurrence of numerous non-routine expenses such as professional fees in connection with CAH’s proposed listing on the Stock Exchange of Hong Kong amounting to RMB14.4 million and the non-cash fair value charge of RMB19.2 million for the 13.0 million new shares issued to employees.
ASL Marine posts 32.2% drop in 1Q earnings to $8m
November 10th, 2010 |
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ASL Marine Holdings, the integrated marine company offering services in shipbuilding, shiprepair and conversion and shipchartering, says it registered a 30.6% drop in total revenue to $81.4 million for the three months ended 30 September 2010 (1QFY2011). Net profit attributable to equity holders also fell 32.3% y-o-y to $8 million.
Shipbuilding revenue of $49.0 million in 1QFY2011 was 31% lower mainly due to lesser number of projects undertaken and comparatively lower order book. The segment’s gross margin remained stable and it was marginally higher at 9.2% in 1Q FY2011.
City Developments 3Q net little changed as sales drop
November 10th, 2010 |
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City Developments, Singapore’s second-biggest property developer, said third-quarter profit rose 1.1% to $195.8 million. Revenue fell 21% to $745.5 million, it said in a statement to the Singapore stock exchange today.
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City Developments 3Q net little changed as sales drop
November 10th, 2010 |
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City Developments, Singapore’s second-biggest property developer, said third-quarter profit rose 1.1% to $195.8 million. Revenue fell 21% to $745.5 million, it said in a statement to the Singapore stock exchange today.
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Wilmar 3Q net falls 60%, shares drop 5%
November 10th, 2010 |
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Wilmar International <WLIL.SI>, the world’s biggest listed palm oil plantation firm, reported disappointing quarterly results, weighed by its oilseeds business, sending its shares down more than 5%.
“The results were well below our expectations, mainly because of the loss in the oilseeds segment,” said Ben Santoso, an analyst at DBS Vickers. “We’re putting our forecast and target price under review.”
Dapai International posts 45.2% drop in 3Q net profit to $5.4m
November 9th, 2010 |
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Dapai International Holdings Co., the manufacturer of backpacks in China, posted RMB372.9 million ($72.1 million) of revenue for 3Q2010, a 17.7% y-o-y decrease. Net profit fell 45.2% to RMB27.8 million.
The drop was mainly due to the decrease in sales of luggage products because two major suppliers were unable to meet orders due to labour shortage problems; and the special discounts on backpack products given to distributors to compensate them for their loss.
Tiong Seng posts 24% drop in 3Q net profit of $7.5m as property development slows
November 9th, 2010 |
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Construction group and property developer Tiong Seng Holdings reported a net profit attributable to equity holders of $7.5 million for the third quarter ended 30 September 2010 (3Q2010), down 24% from 3Q2009.
Group revenue rose 7% to $90.0 million due to an increase of $7.6 million in construction contract revenue, which was offset by a decline of $2.3 million in revenue from its development properties. For the first time, the group recorded revenue of $600,000 from direct sales and licensing of Cobiax technology for high-performance lightweight concrete slabs, after acquiring a majority stake in Switzerland-based Cobiax Technologies AG in September this year.
UOB’s Q3 net beats view as bad debts drop 43%: Update
October 29th, 2010 |
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United Overseas Bank (UOBH.SI), Singapore’s third-biggest lender, posted an almost 38% jump in quarterly profit, firmly beating expectations as bad debts slumped while fees from loans and investments rose.
UOB largely benefited from a 43% drop in bad debt charges from a year ago, which was a recurring theme for most Asian lenders in the last quarter as the region’s economies rebound from the economic downturn.