Mainboard-listed LMA International NV, the manufacturer of supraglottic airway management medical devices, says group sales for the third quarter fell 8% to US$25.7 million ($35.9 million) compared to Q3 FY2008.
However, when measured at 2008 exchange rates and discounting a large tender order for Iraq in Q3 FY2008 the decline was reduced to 2%.
Mainboard-listed Thomson Medical Centre, a niche healthcare provider for women and children, today announced a 30% y-o-y jump in net profit to $3.4 million for the fourth quarter ended Aug 31, 2009 (Q4 FY2009), on the back of a 19.7% increase in revenue to $18 million.
Mainboard-listed DMX Technologies Group says its 60%-owned subsidiary PT Packet Systems Indonesia (PTS) has implemented network infrastructure projects worth a combined US$6.4 million ($8.9 million) for Indonesia’s largest mobile telecom operator, PT Telekomunikasi Selular (Telkomsel).
Mainboard-listed integrated ornamental fish service provider Qian Hu Corporation says today that its net profit attributable to shareholders for the third quarter ended 30 September 2009 rose 9.8% to $1.7 million, on the back of a 1.1% increase in group revenue to $23.9 million.
Mainboard-listed R H Energy, one of the leading technical services providers to the oil and gas and petrochemical industry in China, says it was recently commissioned by various provincial governments and state-owned companies to provide consulting engineering services.
Mainboard-listed Li Heng Chemical Fibre Technologies, one of China’s leading manufacturers of high-end nylon fibres, today says for the quarter ending 30 June 2009 (2Q09), revenue was RMB453.3 million
Mainboard-listed ISDN Holdings, the integrated engineering solutions provider, says 2Q09 sales slid 27.1% to $23.6 million from $32.4 million as demand fell in the global economic downturn.
Motion control remained as the biggest revenue earner among the three key business segments in the second quarter. It raked in sales of $17.4 million, equivalent to 73.8% of group sales, followed by Other Specialised Engineering Solutions at $5.5 million.
Mainboard-listed HLH Group, agri-business owner and property developer, reported a 50.8% drop in turnover to $5.5 million and a net loss of $2.9 million in its latest 1H2009 results.
Group turnover fell owing to the lower contributions from both its Agriculture Division and Property Division.
Mainboard-listed Fabchem China, one of the largest non-electric detonators producers in China, says the group’s 1Q2010 net profit after tax soared 69.5% to RMB 19.6 million ($4.12 million) from RMB 11.6 million in 1Q2009.
This was achieved on the back of strong revenue of RMB 83.2 million in 1Q2010, which jumped 73.1% from RMB 48 million in 1Q2009.
Mainboard-listed Yongmao Holdings, one of the largest towercranes manufacturers in China, says it will invest RMB28.35 million ($5.9 million) through its unit Beijing Tat Hong Zhaomao Equipment Rental Co. for a 20.25% stake in joint-venture company Si Chuan Tat Hong Yuan Zheng Machinery Construction Co.
Yongmao says the investment will be funded by its internal resources.
Mainboard-listed Eucon Holding, an integrated PCB solutions provider in China and leading independent PCB laser driller in Taiwan, has announced its results for the second
quarter ended 30 June 2009 (2Q09).
Group revenue declined 50%, posting $18.8 million in 2Q09 compared with $37.8 million in 2Q08, due to weak demand for electronics products as a result of severe global slowdown and reduced consumer spending.
Mainboard-listed CSC Holdings, a homegrown foundation and geotechnical engineering specialist, has posted group revenue of $81.4 million for the quarter ended June 30, 2009 (1Q10), compared to $156.8 million in the same period a year ago (1Q09), as uncertainties in economy resulted in significantly subdued demand for construction services.
Net profit decreased 52.8% to $6.7 million in 1Q10 from $14.2 million in 1Q09.
Despite the dip in revenue, the group says it was able to maintain its gross margin at 18.6% compared to 18.4% in 1Q09.
Mainboard-listed Straits Asia Resources says it reported another strong set of operational results for the first half of 2009.
Sales revenue rose 19% to US$315 million ($451 million), thanks to its decision to sell forward large quantities of its 2009 production before the global financial crisis hit international coal markets.
Production also fell in line with expectations, it added.
SGX Mainboard-listed Hi-P International, the global integrated electro-mechanics manufacturing solution provider, posted a 36.9% y-o-y fall in revenue to $177.6 million for the 3 months ended June 30, 2009 (2Q09).
But Hi-P says the group’s production efficiency and cost control measures have improved over the year and as a result, gross profit decreased only 19.6% y-o-y to $40.5 million.
Mainboard-listed Cosco Corporation (Singapore), one of the leading ship repair & marine engineering and shipping groups, today announced another set of profitable results for the second quarter ended 30 June 2009.
Group turnover declined 31% to $718.5 million in Q2 2009 from $1.0 billion in Q2 2008 amidst poor operating landscape. Ship repair, ship building and marine engineering revenue fell 30.4% to $681.3 million in Q2 2009 on lower revenue from ship repair and conversion projects due to the global economic downturn.
Mainboard-listed real-estate fund manager ARA Asset Management says it has acquired Suntec Singapore International Convention & Exhibition Centre (Suntec Singapore) for $235 million raised through the ARA Harmony Fund.
“Harmony Fund’s investors comprise Suntec REIT and certain private financial investors,” says ARA Asset Management in an SGX statement.
Mainboard-listed China Eratat Sports Fashion, a leading sports fashion footwear and apparel company based in Jinjiang, Fujian Province, China, today announced its revenue soared 52.9% to RMB259.7 million ($54.9 million) in the first quarter this financial year (1QFY10).
Net profit increased 24.7% to RMB35.4 million in 1Q10 from RMB28.4 million in 1Q09.
Mainboard-listed Technics Oil and Gas, a full service integrator of compression systems and process modules for the global offshore oil and gas sector, today says group revenue for the 3 months ended June 30 (3Q FY2009) increased 53% y-o-y to $40.24 million from $26.23 million in 3Q FY2008.
The strong revenue recorded for 3Q09 was led by significant project milestone completion. Project works for BW Pioneer Ltd and Bumi Armada Berhad (combined contract value of $52 million) were completed in early July.
Mainboard-listed Pan Hong Property Group, a Hong Kong-based property developer that focuses primarily on developing properties in the second and third-tier cities in China, has successfully won the tender for a land parcel in Huzhou city (Zhejiang Province) for RMB 221.3 million ($46.7 million). The acquired land parcel will be used for the development of residential and commercial properties.
Mainboard-listed Westcomb Financial Group has reported a loss of $1.34 million for the half year ended June 30 compared to a net profit of $522,000 in the same six-month period a year earlier. Revenue for the financial services firm fell 86.4% to about $632,000 for the first half from $4.6 million last year as Westcomb failed to clinch a single IPO deal for the past six months compared to three it launched in the first half of 2008.
{jcomments on}
