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Posts Tagged ‘M FY’

Marco Polo Marine posts 9% rise in 3Q net profit to $4.1m

August 13th, 2010 | No Comments

Mainboard-listed Marco Polo Marine, the integrated marine logistic group, says the group recorded a 39% increase in revenue from $15.8 million in 3Q FY2009 to $22.0 million in 3Q FY2010 due to improved performance from both ship chartering and shipyard operations.

The increase also contributed to 9M FY2010 revenue growth of 24% to $49.5 million. For the 9-month period, ship chartering revenue rose 46% to $26.5 million as the group expanded its operating fleet size from 46 to 60 (excluding the 24 vessels co-owned with Glencore International under MPST Marine Pte Ltd). Revenue from shipyard operations gained 6% to $23 million mainly due to higher ship repair activities following the full operations of the two dry docks from the beginning of FY2010.

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Boustead posts 15.5% drop in 3Q net profit to $8.7m

February 8th, 2010 | No Comments

Boustead Singapore, the global infrastructure-related engineering services and geo-spatial technology group, announced its financial results for the third quarter ended 31 December 2009.

For 3Q FY2010 and 9M FY2010, the group said it achieved revenue of $103.6 million (-9.6%  y-o-y) and $336.8 million (+3.6% y-o-y) respectively. Net profit attributable to owners of the parent were $8.7 million (-15.5% y-o-y) and $28.9 million (+13.7% y-o-y) for the respective periods.

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ARA Asset Management posts 26% jump in 9M09 net to $34.3m

November 3rd, 2009 | No Comments

ARA Asset Management has announced a net profit of $34.3 million for the nine months ended Sept 30, 2009 (9M FY2009), a 26% increase from the $27.2 million achieved in the corresponding period in 2008.

ARA Asset Management says the jump in net profit was achieved on the back of a 15% increase in total revenue. A combination of stable recurrent management fees, higher acquisition and performance fees as well as increased distributions from REIT securities held by the group and gains on disposal of REIT units received as part payment for REIT management fees contributed to the increase in total revenue. As at Sept 30, 2009, the group’s assets under management stood at $12.5 billion.

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