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Profit gain in Singapore bunkers may jump 24%: energy markets

February 1st, 2011 | No Comments

The profit traders can get from selling shipping fuel in Singapore, the world’s second-busiest container port, may rise 24% in 2011 after the worst slump in at least two years, a Bloomberg News survey showed.

Sellers of 380-centistoke fuel oil, or bunkers, will receive an average US$4.20 ($5.37) a metric ton more than what they pay for the cargoes in Singapore this year, according to the median estimate in a survey of six traders conducted Jan. 24-27. The difference, known as the bunkers premium, shrank to an average US$3.40 a ton last year from US$5.92 in 2009 and $12.14 in 2008, according to data compiled by Bloomberg.

Micro-Mechanics posts 149% jump in 2Q net profit to $1.8m

January 31st, 2011 | No Comments

Mainboard-listed Micro-Mechanics (Holdings), the manufacturer of high precision tools, parts and assemblies for high technology industries, reported a 149% jump in net profit to $1.8 million for the 3 months ended 31 December 2010 (2Q11), from $0.7 million in the same quarter a year ago. The stronger bottomline performance in 2Q11 was achieved on the back of 17.0% growth in group revenue to $11.4 million.

Brad Pitt â€œ21 Jump Streetâ€ Cameo Unearthed!

December 21st, 2010 | No Comments

Before They Were Famous: Brad Pitt/Johnny Depp’s TV Moment! Stepping out on the red carpet for the premiere of The Tourist, Brad Pitt and Johnny Depp didn’t exactly seem like the best of friends, but the Hollywood hunks have got a bit more in common than just starring alongside the dazzling Angelina Jolie onscreen. Brad [...]

Johnny Depp â€œ21 Jump Streetâ€ Movie Cameo?

December 7th, 2010 | No Comments

Now here’s a dream casting we’d pay 10 bucks to see, Johnny Depp says he’s willing to make a cameo in the new 21 Jump Street movie! Jonah Hill and Channing Tatum will headline Columbia Picturesâ€™ big screen reboot of the popular â€˜80s TV series, which followed a team of babyfaced rookie cops who work [...]

Singapore 3Q office rents in biggest jump since 2008, says CBRE

November 18th, 2010 | No Comments

Singapore office rents rose 7.2% during the third quarter, the most since 2008, helped by strong demand by both local firms and multinationals based in the city-state, CB Richard Ellis said on Thursday. Prime Singapore office rents reached $7.40 per square foot per month in the July-September period, up from $6.90 per square foot in April-June.

The rise in Singapore office rents exceeded the 3.2% average for Asia but lagged the 10.8% increase in Hong Kong over the same period.

Malicious Websites Jump Dramatically in 2010

November 12th, 2010 | No Comments

A new report from Websense highlights both the growth of malicious sites as well as widespread SEO abuse by attackers. – A look back at the 2010 by researchers at Websense revealed a mix of better tactics and black hat search engine optimization (SEO) laid the foundation for a dramatic jump in malicious sites for the year.
In the Â‘Websense 2010 Threat Report, researchers had mostly bad news for users Â– the number of …

Yongnam posts 21% jump in 3Q net profit to $13.7m

November 10th, 2010 | No Comments

Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, today reported a 20.6% jump in the group’s net profit to $13.7 million for the three months ended September 30, 2010 (3QFY2010), despite a marginal dip in revenue from $82.6 million in 3QFY2009 to $80.8 million in 3QFY2010.

This was due to higher contribution to the revenue mix from Specialist Civil Engineering which enjoyed better margins, coupled with improved margins achieved for Structural Steelworks projects. The Group achieved a gross profit of S$22.3 million in 3QFY2010, 13.5% higher than the gross profit of S$19.7 million in 3QFY2009.

DMX Technologies posts 38% jump in 3Q net profit to $4.8m

November 9th, 2010 | No Comments

DMX Technologies Group, the integrated network infrastructure and digital media solutions provider, saw its net profit jump 38.2% to US$3.7 million ($4.8 million) in the 3 months ended 30 September 2010 (3Q10) from US$2.7 million in 3Q09 with strong sales growth across all its business segments.

Sales surged 59.8% y-o-y to a record US$74.0 million.

Roxy-Pacific posts 42% jump in 3Q net profit to $9m

November 3rd, 2010 | No Comments

Roxy-Pacific Holdings, the homegrown specialty property and hospitality group, today reported a 42% jump in net profit to $8.9 million for the third quarter ended September 30, 2010 (3Q2010) from $6.3 million in the previous corresponding period (3Q2009).

This increase was on the back of a 41% surge in revenue to $53.1 million in 3Q2010, driven mainly by a sharp 44% rise in revenue to $40.5 million from the group’s Property Development segment.

OCBCâ€™s Q3 net beats forecast as loans jump 29% – Update

November 1st, 2010 | No Comments

OCBC (OCBC.SI), Singapore’s second-biggest lender, beat expectations with a 27% jump in quarterly profit as its private bank drove loans and fees higher, offsetting rock-bottom interest rates.

Overall, loans grew 29% from a year earlier, with help from the banking unit which it acquired earlier this year from ING (ING.AS), OCBC said.

CapitaLand aims for 5-fold jump in Vietnam assets in 3-5 years

October 28th, 2010 | No Comments

CapitaLand (CATL.SI), Southeast Asia’s largest property developer, aims to grow its assets in Vietnam to $2 billion over the next three-five years from $400 million now, Chen Lian Pang, CEO for Southeast Asia of CapitaLand Commercial Limited, said in a statement on Thursday.

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Mercator Singapore reports 15% jump in 1H net profit

October 26th, 2010 | No Comments

Mercator Lines (Singapore), the Indian-owned international dry bulk shipping company focused on high growth markets such as India and China, today announced an increase of 15% in net profits to US$23.3 million ($30.1 million) for the first half of financial year March 2011 (1HFY2011) compared to US$20.2 million for the corresponding period previous year.

Neptune Orient has profit as container rates jump 41%

October 19th, 2010 | No Comments

Neptune Orient Lines, owner of Asia’s second-largest container line, reported a better-than- estimated quarterly profit as rebounding world trade helped cause a 41%t jump in freight rates.

The company made a US$282.3 million ($368.5 million) profit in the three months ended Sept. 17, compared with a US$138.9 million loss a year earlier, it said in Singapore exchange statement today. That beat the US$157.3 million average of three analyst estimates compiled by Bloomberg. Sales jumped 55 % to US$2.4 billion.

Yangzijiang TDRs jump on Taipei trading debut: Update

September 8th, 2010 | No Comments

The Taiwan depository receipts of Yangzijiang (911609.TW), China’s No.4 shipbuilder, rose by the daily limit on their debut on Wednesday, raising some T$4.8 billion ($203.5 million) for the company.

The TDRs opened at T$20.10, 6.9% above their offer price of T$18.80, with a surfeit of buy orders.

Yangzijiang TDRs jump on Taipei trading debut

September 8th, 2010 | No Comments

The Taiwan depository receipts of Yangzijiang (911609.TW), China’s No.4 shipbuilder, opened at NT$20.10 ($0.847) on their debut on Wednesday, 6.9% above their offer price.

Singapore-listed Yangzijiang (YAZG.SI) had fixed the price of the issue of 240 million TDRs at NT$18.80. Every two TDRs represent one share, and the company estimated it would raise $153 million.

The company, the first mainland Chinese firm to list in Taiwan, said in August it had won 28 shipbuilding contracts worth US$915 million ($1.2 billion).

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Trek 2000 International posts 138.1% jump in 1H net profit to $1.8m

August 12th, 2010 | No Comments

Trek 2000 International, the inventor of the ThumbDrive and FluCard, today announced a 138.1% jump in half-year net profit to US$1.3 million ($1.77 million) from US$0.5 million in the corresponding period last year.

Revenue also grew by 42.9% to US$42.4 million from the previous year’s figure of US$29.7 million.

Super Group records 101% jump in 2Q net profit to $19m

August 11th, 2010 | No Comments

Super Group, the manufacturer and distributor of 3-in-1 coffee and other beverages, says it registered a 101% y-o-y increase in net profit to $18.9 million for the three months ended 30 June 2010 (2QFY2010) as demand for its products improve.

Group revenue grew 9% to $76.7 million in 2Q10 from $70.3 million in 2Q09 mainly driven by higher consumer goods sales which continued to see robust demand from Myanmar, Thailand, Mongolia and China.

Mercator reports 30% jump in net profit for 1Q FY2011

July 26th, 2010 | No Comments

Mercator Lines (Singapore), the Indian-owned international dry bulk shipping company, today announced an increase of 30% in net profits to US$ 13.1 million ($17.9 million) for the first quarter of financial year March 2011 (Q1 FY2011), compared to US$10 million for the corresponding period previous year.

The group’s revenues for the Q1 FY2011 increased by 10% to US$39 million from US$35.5 million in Q1 FY2010, aided by higher capacity and better spot market rates.

Semiconductor Sales Jump 46.7 Percent in May: SIA

July 6th, 2010 | No Comments

Sales of semiconductors grew to $24.7 billion in May, a 4.5 percent increase over April and a 47.6 percent jump over May 2009, when the recession was hitting hard. Demand came from various sectors, including PCs, cell phones and corporate IT, according to the SIA. – The semiconductor industry is continuing its uphill climb, according to market numbers released July 6.
SIA (Semiconductor Industry Association) announced
that sales in May grew to $24.7 billion, a 4.5 percent increase over
April when sales were $23.6 billion and a 47.6 percent hike over the
$16…

Mapletree posts 87% profit jump, forecasts growth: Update

June 30th, 2010 | No Comments

Mapletree Investments, the real estate unit of Singapore’s state investment firm Temasek Holdings, posted an 87% surge in full-year profit and said it plans to almost double assets in five years.

Net income rose to $393.8 million in the year ended March 31 from $210.3 million the previous year, helped by new developments and gains from the increased value of its holdings, the Singapore-based company said at a press briefing in the city-state today. Total assets under management climbed 9% to $12.9 billion in the year.

Posts Tagged ‘jump’

Profit gain in Singapore bunkers may jump 24%: energy markets

Micro-Mechanics posts 149% jump in 2Q net profit to $1.8m

Brad Pitt â€œ21 Jump Streetâ€ Cameo Unearthed!

Johnny Depp â€œ21 Jump Streetâ€ Movie Cameo?

Singapore 3Q office rents in biggest jump since 2008, says CBRE

Malicious Websites Jump Dramatically in 2010

Yongnam posts 21% jump in 3Q net profit to $13.7m

DMX Technologies posts 38% jump in 3Q net profit to $4.8m

Roxy-Pacific posts 42% jump in 3Q net profit to $9m

OCBCâ€™s Q3 net beats forecast as loans jump 29% – Update

CapitaLand aims for 5-fold jump in Vietnam assets in 3-5 years

Mercator Singapore reports 15% jump in 1H net profit

Neptune Orient has profit as container rates jump 41%

Yangzijiang TDRs jump on Taipei trading debut: Update

Yangzijiang TDRs jump on Taipei trading debut

Trek 2000 International posts 138.1% jump in 1H net profit to $1.8m

Mercator reports 30% jump in net profit for 1Q FY2011

Semiconductor Sales Jump 46.7 Percent in May: SIA

Mapletree posts 87% profit jump, forecasts growth: Update

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