Newly-listed Debao Property Development, the developer of residential and commercial properties in Foshan, Guangdong province, China, reported a net loss of RMB23.3 million ($4.7 million) in FY2009 from RMB197.6 million in FY2008.
Posts Tagged ‘fy09’
Tiger Air posts 54% rise in passenger numbers to 5m for FY09
April 13th, 2010 |
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Tiger Airways Holdings today announced its operating statistics for March 2010 and for the full financial year ended 31 March 2010.
For the month of March 2010, 488,000 passengers chose to fly with Tiger Airways, a 51% increase over last year. Average Load Factors – the number of seats sold as a percentage of total seats available – increased 3 percentage points to 84%.
Tianjin Zhong Xin Pharma posts 48% rise in FY09 net profit to $55.3m
March 30th, 2010 |
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Tianjin Zhong Xin Pharmaceutical Group says the net profit after tax attributable to equity holders in FY2009 was RMB 270 million ($55.3 million), an increase of 48%, from the corresponding period in FY2008.
Cogent Holdings posts 153% rise in FY09 net profit to $18m on sale of warehouse
March 26th, 2010 |
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Leading integrated logistics solutions provider, Cogent Holdings, today reported that its net profit attributable to shareholders for the full-year ended Dec 31 2009 surged 153% to $17.7 million.
PCCW posts 18% rise in net profit to $271m for FY09
March 10th, 2010 |
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PCCW says consolidated profit attributable to equity holders of the company increased by 18% to HK$1,506 million ($271 million) for the year ended December 31, 2009.
Core revenue decreased by 5% to HK$20,855 million; consolidated revenue including PCPD decreased by 22% to HK$25,077 million, reflecting lower property development revenue recognised.
Dairy Farm gains 5.3%; FY09 results a tad ahead of forecast, says JPMorgan
March 8th, 2010 |
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Dairy Farm (D01.SG) heads higher as investors digest recent solid FY09 results; shares gain 5.3% at US$6.54 ($9.15) with resistance at 2009’s highest close of US$6.90.
Food retailer’s underlying net profit gained 14% on-year at US$364 million, as company says core business of “selling goods that meet the everyday needs of Asian customers” again proved resilient amid challenging economic conditions, with prospects for coming year remaining “positive”.
Swiber Holdings posts 1.3% dip in FY09 net profit to $54.8m
March 1st, 2010 |
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Swiber Holdings, the construction and support services provider to the offshore oil and gas industry, today reported that it has achieved a net profit of US$39 million ($54.8 million) in FY2009, despite last year being a challenging year for the offshore oil and gas industry.
Sinotel Technologies posts 29.4% rise in net profit to $28.6m for FY09
March 1st, 2010 |
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Sinotel Technologies, the provider of wireless telecommunications infrastructure and solutions in China, says the group has reported a 29.4% y-o-y rise in net profit to RMB139 million ($28.6 million) for the financial year ending Dec 31 and a 47.2% increase in revenue to RMB533.2 million.
The increase in revenue was primarily due to a stronger demand for Wireless Network Solutions totalling RMB177.6 million, representing a 51% increase over the previous financial year. Gross Profit margins remained at 38.2% while net profit margins averaged at 26.1%.
Falcon Energy Group posts net profit of $39.5m for FY09
March 1st, 2010 |
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Falcon Energy Group today announced a net profit after tax and minority interest of US$28.1 million ($39.5 million) for the full year ending 31 December 2009, compared to US$27.6 million it achieved for the adjusted 12 months to 31 December 2008.
Falcon Energy Group is a provider of integrated support services for the Offshore Marine and Oil & Gas industries, serving clients along the entire oil production cycle from initial exploration to production and post-production, with a specialist focus on the production phase of oilfield activities.
Darco Water posts net loss of $192,000 in FY09
March 1st, 2010 |
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Darco Water Technologies, the provider of integrated engineering and knowledge-based water treatment solutions, announced its full-year results for the 12 months ending 31 December 2009 (FY2009) with revenue of $57.5 million and net loss attributable to shareholders of $192,000.
The group’s revenue decreased year-on-year by 42% largely due to slowdown in projects arising from the global economic downturn, as well as fewer projects available in Taiwan as a result of a change in government policy in FY2009. Nevertheless, the group saw gross margin improvement to 24.9% in FY2009 from 17.1% in FY2008.
Kencana Agri posts 31% fall in net profit to US$8.5m in FY09
March 1st, 2010 |
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Kencana Agri reported revenue of US$121.9 million ($171 million) in FY2009, an increase of 16% from US$104.9 million in FY2008 on the back of a surge in sales volume of CPO.
The positive impact of the higher sales volume was offset by lower average selling prices of CPO and CPKO of US$600 per tonnes and US$650 per tonnes respectively in FY2009 compared to US$800 per tonnes and US$1,000 per tonnes respectively in FY2008.
Epure International posts 38% rise in net profit to $601m for FY09
March 1st, 2010 |
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Epure International, the China-based water solutions provider, says net attributable profit (PATMI) surge by 38% year-on-year (y-o-y) to RMB280.5 million ($601 million) for the 12 months ended 31 December 2009 (FY09) as revenue climbed 26% y-o-y to RMB1.29 billion.
The strong revenue growth was attributed to strong contributions from the sale of customised environmental equipment, higher revenue recognition from various major turnkey projects, as well as the maiden contribution from one of the group’s Build, Operate and Transfer (BOT) projects which started its operations in the fourth quarter of 2009.
China Sunsine Chemical posts 17% fall in net profit to $18.2m for FY09
February 27th, 2010 |
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China Sunsine Chemical Holdings,the producer of rubber accelerators, says net profit declined 17% to RMB 88.3 million ($18.2 million) in the full year ended 31 December 2009 (FY2009) from RMB 106.7 million in FY2008 on the back of a 10% decrease in revenue to RMB 718.4 million.
The decline in revenue was due mainly to the lower overall Average Selling Price (ASP) of rubber accelerators in FY2009 compared to FY2008 due to the global economic crisis. The overall ASP for all products dropped by 39% to RMB 15,800 per tonne in FY2009 from RMB25,900 per tonne in the previous year. However, with prudent cost management, China Sunsine Chemical says profits did not decrease proportionally.
Abterra turns around with $13.3m net profit for FY09
February 27th, 2010 |
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Abterra, the supply chain manager of resources and minerals, managed to swing back into the black with a net profit of $13.3 million for the financial year ended 31 December 2009 (FY2009) largely due to a gain from the revaluation of a mining asset.
Turnover of the year fell 61% y-o-y from $392 million to $151.9 million as revenue from the trading of iron ore declined 92% while revenue from the trading of coke and coal decreased 53%, mainly due to the tightening of credit facilities in the market, amid the financial turbulence.
Sunpower Group posts 60% rise in FY09 net profit to $13.2m
February 27th, 2010 |
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Sunpower Group, the China-based heat transfer technology specialist, recorded a 59.9% y-o-y increase in net profit attributable to shareholders to RMB64.2 million ($13.2 million) for the full year ended 31 December 2009 (FY2009).
The group attributed the strong growth to improved margins in the contracts delivered and more stringent internal controls in FY2009. In FY2009, the group says it successfully delivered contracts to prominent customers such as Shenhua Group, GCL-Poly Energy Holdings, Hyundai Steel and China Bao Steel.
CentraLand posts FY09 net profit of $2.5m
February 27th, 2010 |
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CentraLand, the Zhengzhou-based property developer, announced a net profit of RMB12.2 million ($2.5 million) and revenue of RMB155 million in the financial year ended 31 December 2009 (FY2009).
Group revenue declined to RMB155 million in FY2009 from RMB713.7 million in FY2008. This is due mainly to the inherent lumpiness of revenue recognition for China-based real-estate developers.
Yongnam Holdings posts 33% rise in profit before tax to record $49m for FY09
February 27th, 2010 |
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Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, announced a record profit before tax of $48.8 million for its full year ended December 31, 2009 (FY2009) on the back of a marginal 2.7% increase in revenue to $346.8 million. Yongnam says this is the fourth straight year of record performance since FY2006.
Gross profit rose 18% to $80.4 million compared to $68.1 million in FY2008 but 4Q gross profit was dented by cost overruns and stoppages at the Dubai Metro Rail project which was substantially completed by the end of FY2009.
Best World International posts 4.9% fall in FY09 net profit to $9.7m
February 26th, 2010 |
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Direct-selling company Best World International, which specialises in the distribution of proprietary health and lifestyle products, has reported a net profit of $9.7 million amidst a 24.1% decline in revenue results for the financial period ended 31 December 2009 (FY2009).
Fourth quarter revenue increased 2.3% to $18.7 million in 4Q2009 from $18.3 million in 4Q2008 as a result of strong growth exhibited by Thailand and the other markets the group operates in. Best World International says FY2009 has been a challenging year for the group with sales in Singapore and Malaysia affected by weaker consumer sentiment especially in 1H2009.
See Hup Seng posts 82% fall in net profit to $2.3m for FY09
February 26th, 2010 |
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See Hup Seng, the provider of corrosion prevention services in Singapore and strategic value-added distributor of refined petroleum products in Asia Pacific, today reported net profit of $2.3 million for the financial year ended 31 December 2009 (FY2009) on full-year revenue of $157.2 million.
The Group ended FY2009 on a relatively firm note with revenue in the last quarter of the year (4Q09) growing 13% year-on-year to $44.7 million. This was the best quarterly revenue the group witnessed throughout FY2009. On a full-year basis however, group revenue in FY2009 was down by 22% compared to FY2008 due to the fallout of the global financial crisis. Sales of the group’s two business segments – corrosion prevention (CP) and refined petroleum distribution (TAT Petroleum) in FY2009 were affected by a significant slowdown in customers’ orders and increased competition.
Food Empire Holdings posts 86% fall in FY09 profit before tax to $4.5m
February 26th, 2010 |
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Food Empire Holdings, the manufacturer of instant beverage products, frozen convenience food, confectionery and snack food, says profit before tax fell 86.2% to US$3.2 million ($4.5 million) while revenue fell 39.3% to US$134 million and for the year ended 31 December 2009.
But the group says it finished the year with a strong rebound in demand for its products resulting in a 58.2% increase in revenue to $48.5m in Q4 2009 compared to the Q3 2009. Compared to Q3 2009, revenue from Russia rose by 63.8% to $25.9 million, in Eastern Europe and Central Asia by 68.4% to $17.1 million and in other markets by 17.4% to $5.5 million.