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Posts Tagged ‘fy09’

Suntec REIT’s 4Q FY09 distribution income up 8.4% to $47.83m

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.

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Mapletree Logistics’s distributable income rises by 21% in FY09

Mapletree Logistics Trust says it achieved a distributable income of $32 million for 4Q 2009, an improvement of 12% compared with 4Q 2008.

Despite the challenging environment, Mapletree says DPU for 4Q 2009 was 1.59 cents, which is 7% higher than 3Q 2009’s DPU of 1.48 cents. Excluding the one-time gain brought about by the eight-year extension of leases by Prima at 201 Keppel Road, DPU is 1.48 cents, which is the same as in 3Q 2009.

The distributable income for 4Q 2009 was $32 million, an increase of 12% year-on-year compared to 4Q 2008.

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Keppel T&T posts 13% fall in FY09 profit after tax to $47.7m

Keppel Telecommunications and Transportation says group revenue decreased 12% for the full-year ending Dec 31 (FY2009) to $113.3 million due mainly to lower logistics revenue in Singapore and the winding down of the Network Engineering business.

Nonetheless, revenue from logistics activities in China continued to show healthy improvements. The group also further expanded its Data Centre business.

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CapitaCommercial Trust posts 29% rise in FY09 DPU to 7.06 cents with 4Q DPU of 1.88 cents

CapitaCommercial Trust has announced a distributable income of $198.5 million for the financial year ended Dec 31 2009 (FY 2009).

The full year distribution per unit (DPU) of 7.06 cents is a 28.8% year-on-year increase from FY 2008 DPU of 5.48 cents.

For the financial period Oct 1 2009 to Dec 31 2009 (4Q 2009), CapitaCommercial Trust says it achieved a distributable income of $52.9 million. 4Q 2009 DPU of 1.88 cents is 38.2% above 4Q 2008 DPU of 1.36 cents. CapitaCommercial Trust’s distribution yield is 6.0% based on the closing price of $1.18 per unit on 19 January 2010.

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Koon Holdings expects higher $10.5–12.5m pre-tax profit for FY09

Koon Holdings says the group’s pre-tax profit is expected to be in the range of $10.5 million to $12.5 million in FY2009 from $2.12 million in FY2008.

Koon says the substantial improvement in performance is mainly due to the recognition of higher margins from several larger construction projects, a result of the rationalisation and streamlining exercise which began in the second half of 2008.

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Qian Hu posts 3.6% in 4Q net to $1.8m, bringing full-year FY09 net to $6.5m

Qian Hu Corporation, the ornamental fish breeder and service provider, says net profit attributable to shareholders for 4Q09 ending Dec 31, 2009, rose 3.6% y-o-y to $1.8 million, bringing net profit for the full-year ending Dec 31, 2009 to $6.5 million.

Group revenue increased 4.4% to $23.9 million for the quarter and 1.7% to $94.6 million for the year, contributed by overall improvement in sales of its core ornamental fish, which grew by 2.8% to $47 million, and accessories which increased by 3.9% to $37 million. Sales from its plastics businesses declined 9.7% to $10.6 million due to lower selling prices as a result of lower raw material prices.

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Youcan Foods issues profit warning for FY09

Youcan Foods International, the China-based maker of ice-cream products, says it expects losses for the full-year ending Dec 31, 2009 (FY 2009).

However, the one-off compensation of RMB 67.3 million ($13.8 million) from the government authorities due to the compulsory acquisition of the group’s factory premises in Hangzhou should help offset the losses, says Youcan.

Youcan will announce its consolidated results in February.

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China Flexible Packaging posts 64.3% fall in FY09 net profit to $7.2m

China Flexible Packaging Holdings, the manufacturer of biaxially-oriented polypropylene (BOPP) film for making clear plastic bags, has reported revenue of RMB 728.8 million ($150 million) for the year ended Oct 31, 2009 or FY2009, a drop by 24.1% from RMB 960.3 million in FY2008.

China Flexible Packaging says the weak economy due to the global financial crisis, lower average selling prices of products, and lower sales to China’s food and beverage industry which was hit by the tainted milk scandal resulted in lower sales turnover.

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Dayen Environmental posts lost of $5.53m for FY09

Dayen Environmental says it recorded a revenue of $35.5 million and loss attributable to shareholders of $5.53 million for the financial year ended 30 September 2009.

The group says revenue for the year ended Sept 30 2009 increased by 20% from $29.53 million for the financial year ended Sept 30 2008 as compared to $35.5 million for the year ended Sept 30 2009. The increase was due to several key projects in Johor Bahru (Malaysia), Cambodia and Singapore being significantly completed for the financial year ended Sept 30 2009.

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BRC Asia posts 271% rise in net profit to $16.5m for FY09

BRC Asia, the provider of prefabricated steel reinforcement in Singapore, saw a 271% y-o-y jump in net profit for the financial year ended Sept 30 (FY09) to $16.5 million as Singapore’s construction sector remained strong, backed by a slew of projects in the public sector.

BRC says it enjoyed a 33% increase in revenue from $203.6 million in FY08 to $270.6 million in FY09 as higher sales volume helped offset a fall in unit selling prices which decreased in tandem with lower steel prices.

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Marco Polo Marine posts 10% fall in FY09 net profit to $10.1m

Marco Polo Marine, the integrated marine logistics group, says group revenue rose 19% to $54.5 million for the financial year ended Sept 30, 2009 (FY2009) from $45.9 million in FY2008, driven by the strong growth in ship chartering and ship repair businesses.

However, full-year net profit fell 10% to $10.1 million in FY2009 from $11.1 million in FY2008.

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Jade Technologies pares FY09 net loss to $18.2m

Jade Technologies Holdings says it had pared its net loss by 53.9% to $18.2 million for the full year ended Sept 30, 2009 (FY2009) from $39.3 million the previous year (FY2008).

The reduction in net loss was the result of the completion of its corporate restructuring exercise, says Jade Technologies. The group had divested its loss-making subsidiary Jade Precision Engineering (JPE), unwound its other investments and discontinued its coal-mining operations at Mount Galugua, West Sumatra, resulting in substantial reduction in operating expenses.

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PEC posts 9% dip in FY09 net profit to $24.5m

PEC, the engineering specialist for the oil and gas and petrochemical industries, today says for the full year ended 30 June 2009 (FY2009), the group posted a 40% year-on-year increase in revenue to an all-time high of $440.5 million from $314.6 million in FY2008.

PEC says the increase was mainly due to increased revenue contributions of $132.8 million from project works in the Middle East and Singapore but partially offset by a decrease of $7.2 million in revenue contributions from lower maintenance activities.