Telecom giant Bharti Airtel Wednesday reported a 41 percent decline in its net income for the quarter ended December 2010 at Rs.1,303.3 crore owing to weaker margins from its African operations, currency fluctuations, spectrum charges and brand relaunch costs. The operator had posted Rs.2,194.9 crore net income during the same period last fiscal. “Adverse currency [...]
Posts Tagged ‘net’
Bharti Airtel net slumps 41 percent on spectrum cost, margins
February 2nd, 2011 |
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China Fishery Group posts 8% rise in 1Q net profit to $25m
February 2nd, 2011 |
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Mainboard-listed industrial fishing company China Fishery Group says net profit rose 7.9% y-o-y to US$19.7 million ($25 million) for the first quarter of the financial year ending 28 September 2011 (1QFY2011).
Group revenue rose 13.4% to US$115.1 million from US$101.4 million in the same period last year.
Tuan Sing posts 53% rise in full-year net profit to $68.2m
February 1st, 2011 |
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Tuan Sing Holdings says it posted a net profit after tax attributable to shareholders of $68.2 million for the year ended 31 December 2010, an increase of 53% compared to last year.
Property generated profit after tax of $52.3 million, driven by strong sales and profit recognition on Lakeside Ville Phase III in Shanghai and a fair value gain of $28.6 million largely from investment properties in Singapore.
Z-obee posts 72% rise in 3Q net profit to $4m
February 1st, 2011 |
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Z-obee Holdings, the designer of mobile handsets, says it posted a 71.8% rise in net profit to US$3.1 million ($4 million) for 3QFY2011 compared to US$1.8 million in 3QFY2010 although revenue decreased by 19.6% to US$37.1 million from US$46.2 million. The revenue fall was due to a trimming down by the group of the distribution and marketing segment which was the least profitable.
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Hour Glass posts 21% rise in 3Q net profit to $11.1m
February 1st, 2011 |
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The Hour Glass Limited, the purveyor of luxury watches, says net profit after tax improved by 21% to $11.1 million on higher gross margins attained for the third quarter ended 31 December 2010 (3Q FY2011). Group revenue was $144.2 million, a slight increase from $142.3 million from the last corresponding quarter.
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BRC Asia posts 52% fall in 1Q net profit to $3.3m
January 31st, 2011 |
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Mainboard-listed BRC Asia, one of the largest prefabricated steel reinforcement providers in Singapore, says net profit for first quarter ended 31 December 2010 (1Q2011) fell 52% y-o-y to $3.3 million due to rising steel costs and intense market competition which halved gross profit margin to 9.2% in 1Q2011 from 18.8% in 1Q2010. Revenue for first quarter ended 15% higher y-o-y to $72.4 million due to higher sales volume amidst buoyant construction activities in Singapore.
Micro-Mechanics posts 149% jump in 2Q net profit to $1.8m
January 31st, 2011 |
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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.
Jade Technologies posts modest net profit for 1Q
January 28th, 2011 |
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Jade Technologies Holdings, the titanium dioxide manufacturer and distributor in China, reported a modest net profit of RMB 866,000 ($168,243) for the three months ended December 31, 2010 (1QFY2011) compared to a loss of RMB 3.4 million for the same corresponding period (1QFY2010).
This was achieved on the back of a significant improvement in revenue to RMB 36.2 million in 1QFY2011 from RMB 1.2 million in 1QFY2010, with the commencement of the group’s selling and distribution of titanium dioxide in mid-December 2009. In addition, for the period under review, the average selling price of titanium dioxide was RMB11,030 per ton as compared to RMB 9,435 in the previous corresponding period.
Biosensors posts 7.3% rise in 3Q net profit to $17m
January 28th, 2011 |
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Biosensors International Group, today reported a net profit of US$13.3 million ($17 million) for its third fiscal quarter (3Q FY11), compared to US$12.4 million in 3Q FY10.
Total product sales in the third quarter were US$37.9 million, a 17% increase over the previous quarter (2Q FY11), and a 27% increase over the US$29.8 million reported in 3Q FY10. Overall growth was driven largely by continued growth in the sales of the BioMatrix family of drugâ€eluting stents (DES), which increased to US$26.3 million, up 26% over 2Q FY11 and 60% over 3Q FY10.
CSC Holdings’ 3Q net profit falls to $3.9m
January 28th, 2011 |
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CSC Holdings, the homegrown foundation and geotechnical engineering specialist, says it posted lower net profit and earnings per share of $3.9 million and 0.28 cents respectively for for the three months ended 31 December 2010 (3Q11), compared to $5.0 million and 0.36 cents in 3Q10.
Third quarter revenue also increased 30.3% year-on-year to $94.2 million from $72.3 million in 3Q10 driven by improving demand for the group’s foundation engineering services.
SMRT posts 9.6% rise in 3Q net profit to $43m
January 28th, 2011 |
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SMRT says net profit for third quarter FY2011 (3QFY2011) grew by 9.6% to $43 million on account of higher revenue and absence of impairment of goodwill, although this was partially offset by higher operating expenses.
Group revenue for the third quarter increased by $19.1 million or 8.5% to $243.9 million.
Revenue from Train operations increased by $11.0 million (9.0%) in 3Q FY11 as a result of higher MRT ridership, partially offset by lower average fare for MRT due to the implementation of distance fares. In addition, the opening of Circle Line Stages 1 and 2 contributed to the increase in revenue.
Singapore Air net falls on fines, lags estimates: Update
January 28th, 2011 |
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Singapore Airlines, the world’s second-largest carrier by market value, reported a worse-than- estimated 29% drop in third-quarter profit after it booked charges relating to antitrust cargo fines.
Net income declined to $288.3 million in the three months ended December from $404 million a year earlier, the carrier said in a statement to the Singapore stock exchange today. Profit was expected to be $299 million, based on the average of six analyst estimates compiled by Bloomberg. Singapore Air made a provision of $199 million for the fines.
Tiger Airways’ 3Q net profit rises 60%
January 28th, 2011 |
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Singapore budget carrier Tiger Airways (TAHL.SI) said on Friday its third quarter net profit rose 60%, due to stronger passenger volumes and higher average passenger fares.
Tiger Airways had a net profit of $22.6 million for October-December, up from $14.1 million a year ago.
Its revenue increased 22% to $170.4 million, up from $139.5 million the same period last year.
Tiger Airways is part-owned by Singapore Airlines (SIAL.SI).
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Tiger Airways reports 3Q net income $22.6m
January 28th, 2011 |
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Tiger Airways Holdings, a discount carrier part-owned by Singapore Airlines, said third-quarter net income jumped to $22.6 million from $14.1 million a year earlier.
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Singapore Air net falls on cargo fines, lags analyst estimates
January 28th, 2011 |
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Singapore Airlines, the world’s second-largest carrier by market value, reported a 29% drop in third-quarter profit after charges related to antitrust cargo fines.
Net income fell to $288.3 million in the three months ended December from $404 million, a year earlier, the carrier said in a statement to the Singapore stock exchange today. Profit was expected to be $299 million, based on the average of six analyst estimates compiled by Bloomberg. Sales rose 12% to $3.84 billion. Singapore Air said it made a provision for $199 million toward the fine.
Ryobi Kiso’s 2Q net profit falls 70% to $3m
January 28th, 2011 |
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Ryobi Kiso Holdings, the ground engineering specialist and provider of bored piling and geoservices, today reported a 70.1% y-o-y fall in net profit to $3 million for the second quarter ended 31 December 2010 (2Q11).
Revenue posted was $31.5 million in 2Q11, an increase by $5 million or 18.5% from $26.5 million in 2Q10 largely due to an increase in value of work done for on-going and completed projects; and new piling projects secured. These major private and public sector projects include The Scala, Flamingo Valley, Edusports and HDB Bukit Panjang N4 C14.
Google, Net App, SAS Top IT Companies to Work for in 2011
January 27th, 2011 |
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Each year, Fortune magazine comes out with its list of "The 100 Best Companies to Work For" which is always a popular feature for its readers. IT companies are well-represented on the list. The list has become a major resource for job seekers and new college graduates. In fact, IT companies in general usually have reputations as being desirable places to work and develop careers. In this slide show, eWEEK focuses on 15 IT-related companies on the list& most of which we cover on a regular basis. They include four in the top 10: No. 1, SAS; No. 4, Google; No. 5, NetApp; and No. 10, DreamWorks Animation. Employees described the companies here as offering such attractive features as generous paychecks, worthwhile perks (such as free child-care services, workout spaces and good cafeterias) and pleasant work environments. They also have another feature that is essential to job seekers: These companies are growing, and they have open positions to fill. So if you’re among the many these days looking for a new job in the IT industry, these are the top prospects to check out now. (Photos or logos in this slideshow are courtesy of the respective companies.) – …
Longcheer posts 60% fall in 2Q net profit to $3m
January 27th, 2011 |
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Longcheer Holdings, the leading designer of mobile phones from China, says net profit attributable to shareholders fell 60% to RMB15.6 million ($3.03 million) for the three months ended Dec 31, 2010 (2QFY11).
Revenue declined 3% to RMB1 billion due mainly to decline in average selling prices although total shipment volume increased 40% from 5.76 million units in 2QFY10 to 8.04 million units in 2QFY11.
Guocoland posts 64% drop in 2Q net earnings to $21.6m
January 27th, 2011 |
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Guocoland says net earnings dropped 64% to $21.6 million for the second quarter ended December 31, 2010 (FY2010) on the back of a 55% decrease in revenue to $162.8 million. The was led by lower sales contribution from its development projects in China. Meanwhile, share of profit from associates increased by $5.9 million in 2QFY2010, mainly due to higher share of profit from a Singapore associate after the successful sale of a penthouse unit in the quarter.
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Stats ChipPAC 4Q net declines to US$19m
January 27th, 2011 |
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Stats ChipPAC said its fourth- quarter net profit fell to US$19 million ($24.3 million) from US$33.8 million a year ealier.
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