CIMB in a May 10 research report says: “1Q10 core net profit of $24 million forms 36% of our full-year forecast and consensus. Stronger recognition of The Rochester was the reason for the variance.
Posts Tagged ‘net profit’
StarHub posts 48% fall in profit after tax to $43m for 1Q
May 6th, 2010 |
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StarHub has posted a net profit after tax decreased to $43 million for the quarter ended 31 March 2010 (1QFY2010), a fall of 48% from $82 million in 1QFY2009. Total operating revenue increased 5% to $557 million in 1Q10 from $531 million 1Q09.
MCL Land posts $67m net profit for Q1
April 29th, 2010 |
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MCL Land has posted net profit of US$48.7 million ($66.8 million) for the quarter ended March 31, 2010, up from US$1.4 million net profit in the same quarter last year.
Revenue fell 97% to US$0.2 million from US$8.3 million as it recorded nominal revenue for the quarter, mainly representing rental income from investment properties.
Kinergy reverses loss, posts net profit of $1.2m for 1Q
April 28th, 2010 |
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Kinergy says it has already made a net profit of about $1.2 million in the first quarter of 2010 compared to a net loss of about $3.1 million a year ago. The better performance was due mainly to the $30 million in sales as market conditions improved. For the full-year 2009, it generated about $62.4 million in sales.
Hong Leong Asia rated outperform
March 2nd, 2010 |
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CIMB in a Mar 1 research report says: “4Q09 core net profit of $0.3 million (+102% y-o-y) was below our expectations and consensus, forming only 0.3% of our full-year forecast because of a large write-off ($41.9 million charge for stock obsolescence).
Petra Foods rated outperform by CIMB
February 26th, 2010 |
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CIMB in a Feb 25 research report says: “4Q09 net profit US$9.4m (+235% y-o-y) was above our expectation of US$7.2m and consensus of US$5.8m, with FY09 net profit of US$24.6m forming 109% of our estimate and 117% of consensus. The variance came from higher-than-forecast Branded Consumer (BC) sales and better margins from Cocoa Ingredients (CI).
Meiban Group rated outperform
February 25th, 2010 |
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CIMB in a Feb 24 research report says: “4Q09 core net profit of $4.5 million was in line with consensus but 25% above our forecast due to better-than-expected plastic injection revenue on the back of continuous strong demand for its HP-related business. FY2009 core net profit of $17.9 million (-13% y-o-y) was in line with consensus but 6% ahead our estimate.
Oceanus Group posts 91% rise in net profit to $70m for FY09
February 24th, 2010 |
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Oceanus Group, the world’s largest land-based producer of abalone, says it posted a 91% rise in net profit from operations to RMB339.3 million ($70 million) for the full-year ending Dec 31, 2009.
Although FY2009 sales of live abalone increased by 24% to 1,332 tonnes, sales rose 14% to RMB362 million from RMB319 million.
Singapore Telecommunications rated hold
February 3rd, 2010 |
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AmFraser Research in a Feb 2 research report says: “SingTel will report 3QFY10 results on Feb 9. We expect a hefty boost to earnings from effects of forex movements. SingTel is seen to report strong y-o-y growth of at least 18% (i.e. $940 million net profit) for 3QFY10.
Aztech Group posts 57% rise in 3Q net to $6.1m
October 21st, 2009 |
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Aztech Group says Q3 FY 2009 sales rose 0.6% to hit $75.3 million from $74.91 million a year ago.
Net profit of $6.1 million for Q3 was up by 57% over the same period last year.
Wee Hur’s 1H net surges 496% to $8.8m
August 7th, 2009 |
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Builder Wee Hur Holdings says it recorded a net profit of $8.8 million for 1H09 ended June 30, exceeding that of the entire FY08 ($8 million) by 9.5%.
Comparing with the same period last year, net profit soared 496%, fueled by an increase of 132.6% in its 1H09 revenue to $108.3 million.
This surge was brought about by a number of major projects with substantially higher contract value currently in their more matured stage of work in progress.
Fabchem China’s 1Q net rises 70% to $4.12m
August 7th, 2009 |
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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.
Top 100 had RSD 79.5bn profit
August 6th, 2009 |
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The one hundred most successful companies in Serbia realized a net profit of RSD 79.5bn in 2008. This amounts to 26.6 percent of the total net profit of the Serbian economy, according to research conducted by the Republic Development Bureau.
CWT surges 58% in 1H earnings to $17.9m
August 5th, 2009 |
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CWT, one of the leading logistics players in Asia, says it posted a 58% jump in net profit attributable to shareholders to $17.9 million for the six months ended June 30, 2009 (1HFY2009).
Revenue remained stable at $300 million, while earnings surged 58% to $17.9 million, mainly driven by higher contribution from the warehousing segment and the soft commodity logistics business in Europe. The soft commodity logistics business was acquired in late 2008 and mainly involves cocoa, coffee and groundnuts.
China Eratat posts 25% rise in 1Q10 net profit to $7.5m
July 30th, 2009 |
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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.
Mercator posts net profit of US$10m for 1Q10
July 29th, 2009 |
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Mercator Lines (Singapore), the dry bulk shipper which focuses on India and China, has announced a net profit of US$10.02 million ($14.46 million) for the first quarter ended June 30, 2009 (1QFY2010). This represents a decline of about 57% compared to US$23.24 million for the corresponding period in FY09.
Lian Beng Group posts net profit of $17.2m for FY09, to pay 0.6 cps in dividends
July 29th, 2009 |
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Homegrown building construction group Lian Beng has posted a 43.3% gain in net profit to $17.2 million for the financial year ended May 31 (FY09), compared to $12 million in FY08. The record profit was achieved on the back of a 58.3% jump in revenue to $308.4 million, from $194.8 million in FY08.
Lian Beng says its construction division remained its key growth driver, contributing the bulk of total revenue.
Westcomb Financial posts 1H loss of $1.34m
July 28th, 2009 |
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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.
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