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Posts Tagged ‘losses’

Google`s Schmidt Handing CEO Reins to Page: 10 Gains and Losses

January 24th, 2011 | No Comments

Google CEO Eric Schmidt Jan. 20 gracefully announced he was handing his CEO role to Google Co-founder Larry Page, the man whom Schmidt took over for in 2001. The symmetry is uncanny. One decade ago, Google was at a crossroads. It was growing traffic, but Page and Co-founder Sergey Brin were being hounded by their financial backers to install a leader with business savvy. They ultimately tabbed Schmidt and Google went on to carve out a place in Internet lore that is unmatched. Yet while the company is the undisputed leader in search and search ads, the company is facing steep competition on the mobile Web front from Apple, which is carving out a powerful handheld force with the iPhone and iPad tablet computers. Under Schmidt, Google has delivered Android to counter iPhone and the iPad might. But the other area where Google is significantly more disadvantaged is in social networking, where Facebook is the dominant power. Google reportedly has big plans to infuse its Web applications with social services, but they have yet to materialize under Schmidt, which many see as a failing. In this slide show, eWEEK takes a look at the potential impact of Schmidt turning over control of the multi-billion-dollar company he helped build to Page, who hasn’t led in years. – …

SembMarine +0.6%; Recoups bulk of recent losses

December 6th, 2010 | No Comments

Sembcorp Marine (S51.SG) inches closer to $5.00 level, +0.6% at $4.99, recouping bulk of losses over last 3 weeks triggered by concerns company may have priced itself out of race for lucrative rig-building contracts to be awarded by Petrobras.

SMRT raised to Hold by Citi; Start-up losses priced in

November 29th, 2010 | No Comments

Citigroup upgrades SMRT (S53.SG) to Hold from Sell, raises target price to $2.05 from $1.90 after rolling over valuation.

Says continued losses at Singapore rail operator’s new Circle Line likely priced in at current share price, with company appearing on track to recover to historic 25% ROE performance by fiscal FY13 ending March.

Expects quarterly losses of $5 million-$7 million for Circle Line over next 4-6 quarters to be manageable, with profits from other business segments, such as high-margin rental/advertising, helping to cushion overall impact on bottomline. Shares off 0.5% at $2.01.

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Koda posts 1Q net profit of $0.5m, reversing losses

November 11th, 2010 | No Comments

Mainboard-listed Koda, the original design manufacturer, today announced a net profit of US$0.4 million ($0.5 million) for the July-September quarter (1Q11), reversing two consecutive quarters of losses for 3Q10 and 4Q10.

Concurrently, 1Q11 revenue for the home-grown exporter of home furniture for the mid- to upper-end market segments worldwide improved by 15.4% or US$1.6 million over 4Q10 to US$11.8 million, driven mainly by the US market which accounted for about 46% of Koda’s revenue.

Similarly 1Q11 gross profit rose 14.5% to US$3.1 million from US$2.7 million in 4Q10 while gross profit margin remained relatively stable at 26%.

Koda’s Managing Director James Koh Jyh Gang says: “Although we are not out of the woods yet, we are encouraged by our return to profitability this quarter. While average order size remains small and delivery times are shorter, the continuity in orders in the last few quarters means that our core business fundamentals are intact.”

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SembCorp Marine pares losses on contract win

October 12th, 2010 | No Comments

SembCorp Marine (S51.SG) recoups losses, last down 0.7% at $4.28 vs $4.26 midday, says Dow Jones.

CIMB says interest in stock expected though recent orders were already factored in; notes, together with recent jack up rig orders, today’s $351 million contract to convert an oil tanker to floating production storage, offloading vessel, SembMarine’s YTD order book has grown to $1.8 billion, “on track to meet our target $2.5 billion. We think the recent orders should create short-term interest in SMM but note that these contracts are already factored in.”

Adds, order assumption for 2011, amounting to over $9 billion, has also taken into consideration expected Petrobras’ rig tender win; key re-rate catalysts would be stronger-than-expected non-Petrobras orders. Keeps earnings estimates, Neutral rating, $4.30 target price.

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Sembcorp Marine may pare losses; $351m deal

October 12th, 2010 | No Comments

Sembcorp Marine (S51.SG) may pare some losses when market reopens after lunch, during break says its Jurong Shipyard unit secures $351 million contract to convert an oil tanker to floating production storage, offloading vessel; shares down 1.2% at $4.26 at midday, says Dow Jones.

STI +0.5%; Genting stocks recoup some losses

September 29th, 2010 | No Comments

Singapore shares holding above water but further gains limited as investors cautious after solid gains recently, says Dow Jones.

STI +0.5% at 3,112.62 midday, with immediate resistance at year-to-date high of 3,125.

Market breadth at over 3 gainers for every decliner, but overall volume light at 1.06 billion shares worth $931.9 million, with Genting Singapore (G13.SG), Genting Hong Kong (S21.SG) most active.

Communication Design posts full-year net profit of $1 million, reversing losses

August 18th, 2010 | No Comments

Catalist-listed Communication Design International announced today net profit attributable to shareholders of $1 million for the year ended 30 June 2010 (FY2010), reversing a loss of $3.8 million in FY2009, after it wound up a non-performing unit, cut costs and sharpened its business focus.

The international marketing and communications specialist said the strong turnaround in full year performance was achieved despite a 10.4% fall in FY2010 revenue to $30.7 million mainly due to a major customer discontinuing orders and the absence of new sales from UK-based Above Consultancy which it began winding up in June 2009.

Verizon Posts Droid Wins, Profit Losses

July 23rd, 2010 | No Comments

Verizon Wireless reports it earned revenue of $26.8 billion during the second quarter but saw mobility profits drop, due to a number of one-time factors. Still, wireless revenue was up and more Android phones are on the way. – Verizon Wireless lost $198 million in the second quarter, due largely to
several one-time issues, officials said, but the company is continuing to add
wireless customers as it expands its family of Android-based Droid smartphones.

Verizon officials also announced July 23 that the company genera…

DocMinder A Way to Remember Your Work and Critical Dates Posted By : Peter Pal Disuja

July 9th, 2010 | No Comments

Due to a lot of work some times we forget our some important work and date. This creates the problem to finishing our work at the time and also losses some important meeting. We need some important software or tool which remind our important task and critical date for completing our goal.

DocMinder A Way to Remember Your Work and Critical Dates Posted By : Peter Pal Disuja

July 9th, 2010 | No Comments

Cosco pares losses; Improved execution, says Kim Eng

July 6th, 2010 | No Comments

Cosco (F83.SG) pares losses, flat at $1.45 vs $1.44 earlier, as latest down payment received for 2 shipbuilding jobs reinforces view of firmer orderbook after spate of contract cancellations, delivery delays last year, says Dow Jones.

Interest, however, subdued as volume light, with any upside likely to meet resistance at 15-day moving average, last at $1.49; support at $1.40 (last breached June 15).

STI pares losses, off 0.8%; 2,806 key level, says DBS

June 30th, 2010 | No Comments

Bargain hunting helping Singapore shares pare losses. STI off 0.8% at 2,807.32 vs low of 2,770.12, says Dow Jones.

“The ability to close above 2,806 is crucial. If it doesn’t, then it is likely that 2,900 stays as resistance,” says DBS Vickers.

Market breadth narrower at 4 decliners for every gainer vs 9 for 1 in early trade.

ecoWise sinks into the red with 2Q losses of $0.53m

June 13th, 2010 | No Comments

ecoWise Holdings says it posted a loss attributable to equity holders to a loss of $0.53m in the three months to April 30 (2QFY2010) compared to a profit of $0.43 million in 2QFY2009.

Group revenue for the second quarter decreased 28.2% to $3.64 million from $5.06 million compared to 2QFY2009.

Lifebrandz narrows 3Q losses to $0.5m

June 11th, 2010 | No Comments

Lifebrandz, the operator of night clubs and pubs, says it narrowed its losses to $0.51 million in the third quarter ended 30 April (3QFY2010) from $2.05 million in 3QFY2009.

Revenue increased to $7.34 million from $6.60 million while net margins improved from to –7% to –31% in the same period.

Lifebrandz says business was briskier in March and April compared to the traditionally quieter month of February with patronage of well-known establishments including Mulligan’s Irish Bar, Borgata Trattoria Osteria, Zirca, Rebel and Yello Jello encouraging.

Since the abolishment of service charges at its outlets to maintain their competitiveness, net miscellaneoug gains have declined, coming in at $0.16 million in 3QFY2010.

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Tung Lok reverses losses, posts net profit of $725,000 for FY10

May 21st, 2010 | No Comments

Tung Lok Restaurants (2000) says it achieved a net profit attributable to shareholders of $725,000 for the financial year ended 31 March 2010 (FY2010), reversing a net loss of $2.6 million for FY2009.

Tung Lok, which has 27 outlets in Singapore and three in China, says this was the result of improved consumer sentiment, better performance of associates and tightened cost controls. Lifted by stronger sales in the second half of FY2010 on recovery from the global economic crisis, revenue rose to $81.3 million in FY 2010 from $73.4 million in FY 2009.

SIA +0.14%; volcanic ash losses manageable, says DMG

May 18th, 2010 | No Comments

Singapore Airlines (C6L.SG) +0.14% at $14.658 mirroring modest gains by most other blue chips, with carrier’s on-month fall in April load factor doing little to affect sentiment, according to Dow Jones.

OCBC may pare losses on above-view 1Q results

May 5th, 2010 | No Comments

OCBC’s (O39.SG) better-than-expected 1Q10 results may help shares pare losses in post-lunch trade. Stock is trading down 0.6% at $8.54 compared to –1.5% at $8.46 midday.

Net profit +24% on-year at $676 million vs $490.2 million tipped in Dow Jones poll, as higher fee income, contributions from insurance arm Great Eastern (G07.SG), lower allowances offset weaker net interest income, where margins hurt by reduced gapping income, low interest rates.

HG warns of 2Q losses due to sale of BRC shares

May 4th, 2010 | No Comments

Steel stockist HG Metal Manufacturing says it expects to report a loss for the second quarter ended March 31, 2010 attributable to the loss of sale of shares in BRC Asia totalling $1.9 million. The company is expected to announce its unaudited financial statements for the second quarter on May 12.

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Ying Li down 5.8%; 1H losses not material, says DBS

May 4th, 2010 | No Comments

Ying Li International (5DM.SG) is down 5.8% at two-month low of 48.5 cents in active trade following China-based commercial property developer’s warning of losses for both 1Q10, 2Q10, according to Dow Jones.

Posts Tagged ‘losses’

Google`s Schmidt Handing CEO Reins to Page: 10 Gains and Losses

SembMarine +0.6%; Recoups bulk of recent losses

SMRT raised to Hold by Citi; Start-up losses priced in

Koda posts 1Q net profit of $0.5m, reversing losses

SembCorp Marine pares losses on contract win

Sembcorp Marine may pare losses; $351m deal

STI +0.5%; Genting stocks recoup some losses

Communication Design posts full-year net profit of $1 million, reversing losses

Verizon Posts Droid Wins, Profit Losses

DocMinder A Way to Remember Your Work and Critical Dates Posted By : Peter Pal Disuja

DocMinder A Way to Remember Your Work and Critical Dates Posted By : Peter Pal Disuja

Cosco pares losses; Improved execution, says Kim Eng

STI pares losses, off 0.8%; 2,806 key level, says DBS

ecoWise sinks into the red with 2Q losses of $0.53m

Lifebrandz narrows 3Q losses to $0.5m

Tung Lok reverses losses, posts net profit of $725,000 for FY10

SIA +0.14%; volcanic ash losses manageable, says DMG

OCBC may pare losses on above-view 1Q results

HG warns of 2Q losses due to sale of BRC shares

Ying Li down 5.8%; 1H losses not material, says DBS

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