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Fraser and Neave posts 23% fall in 4Q net profit to $144.5m

November 12th, 2010 | No Comments

Fraser and Neave reported a 23% fall in net profit to $144.5 million for the fourth quarter ended 30th September 2010 (4QFY2010) from $187.5 million in 4QFY2009.

Revenue growth was flat at $1.547 billion.

Food & Beverage (F&B) profit in particular, contributed to the growth, buoyed by healthy consumer demand. Breweries earnings nearly doubled, to $69 million on a 29% jump in revenue; in tandem with strong Soft Drinks volume and revenue growth, earnings rose nearly 70% to $18 million. Overall, F&B profit surged 51%.

In Properties, Fraser and Neave says it has added land bank at reasonable values. In addition, it continued to re-balance its investment property portfolio and inject good quality stabilised assets into its REITs, so as to free up capital for new opportunities.

The board of directors has recommended a final dividend of 12.0 cents per share, up from 10.5 cents last year. Together with the interim dividend of 5.0 cents, the total distribution for the year will amount to 17.0 cents.

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Thai Beverage 3Q net rises 19% to $97m on higher sales

November 12th, 2010 | No Comments

Thai Beverage Pcl, Thailand’s largest brewer and distiller, said third-quarter profit rose 19% from the same period last year on higher sales. Net income rose to 2.23 billion baht ($97 million), or 0.09 baht a share, from 1.88 billion baht, or 0.07 baht, a year earlier, Thai Beverage said in a Singapore stock exchange filing today after the market closed.

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Hai Leck posts 5% rise in 1Q net profit to $3.3m

November 12th, 2010 | No Comments

Mainboard-listed Hai Leck Holdings, the integrated service provider mainly for the Oil & Gas and Petrochemical industries, says for its first quarter 2011 ended 30 September 2010, net profit was $3.3 million, up 5% over the $3.1 million it earned in the preceding corresponding period.

Turnover was $24.4 million compared to the $31.1 million a year back primarily due to lower revenue from Project services as most major projects contracted have been completed or are nearing completion.

Yamada Green records 54.1% growth in 9M net profit to $12.2m

November 12th, 2010 | No Comments

Mainboard-listed Yamada Green Resources, the supplier of self-cultivated shiitake mushrooms in China, says profit after tax increased 54.8% to RMB62.6 million ($12.2 million) in the nine months ended 30 September 2009 (9M2009) to RMB198.6 million in 9M2010 from RMB40.5 million in 9M2009. Revenue increased by 43.6% from RMB138.3 million ($27 million).

The revenue increase was mainly attributable to the 55% increase in Yamada’s self- cultivated mushrooms from 62.2 million in 9M2009 to RMB96.4 million in 9M2010. This was because Yamada operated an aggregate of 2,213 mu of cultivation bases for self-cultivated shiitake mushrooms in 9M2010 compared to 1,660 mu in 9M2009. The average selling price of fresh self-cultivated shiitake mushrooms was also higher at RMB6.5/kg for the period under review, representing an 8.3% or RMB0.5/kg increase compared to 9M2009.

See Hup Seng posts 27% fall in 3Q net profit to $1.5m

November 12th, 2010 | No Comments

See Hup Seng, the provider of corrosion prevention services in Singapore and strategic value-added distributor of refined petroleum products in Asia Pacific, today reported that the Group has achieved higher revenue of $47.0 million for the three months ended 30 September 2010 (3Q10).

This represented a year-on-year (y-o-y) increase of 11% from $42.4 million in 3Q09, driven by improved sales performances of both core businesses – Refined Petroleum Distribution (TAT Petroleum) and Corrosion Prevention (CP).

APB posts 65% rise in full-year net profit to $261m

November 12th, 2010 | No Comments

Asia Pacific Breweries (APB) says it achieved a 65% in group attributable net profit before exceptional items (APBE) to $261 million for the full year ended 30 September 2010.

Group revenue for the year increased almost 26% to $2.5 billion. Earnings per share before exceptional items rose 39.9 cents to $1.01. Net asset value per share gained 38 cents to $4.38 while net tangible assets (NTA) per share fell from $3.13 to $1.82 when compared to the previous financial year. The reduction in NTA is mainly due to goodwill arising from the acquisition of breweries in Indonesia and New Caledonia.

8Telecom says 3Q net profit rose to $23.3m

November 12th, 2010 | No Comments

Mainboard-listed 8Telecom International Holdings Co., the manufacturer and solutions provider of telecommunication infrastructures and emerging property developer in China, announced net profit soared to RMB119.1 million ($23.3 million) for the three months ended 30 September 2010 (3Q2010) from RMB8.2 million a year ago.

3Q2010 turnover improved by 32.4% to RMB122.7 million from RMB92.7 million in 3Q2009, growth was driven by the group’s two telecommunication-related businesses namely its telecommunications engineering services and telecommunications & other towers segments.

Trek 2000 says 3Q net profit jumps fourfold to $1.7m

November 12th, 2010 | No Comments

Trek 2000 International, the inventor of USB flash drives, reported net profit after tax of US$1.2 million ($1.7 million) for the three months ending Sept 30 (3Q FY10) against US$0.3 million in 3Q FY09.

The quarter also saw a 20.8% y-o-y increase in revenue to US$16.7 million as it saw higher sales across all business segments.

Gross profit margin improved to 16.9% in 3Q10 from 10% in 3Q09 on success of group’s proprietary security solutions.

Trek 2000 says the group will continue to leverage on R&D capabilities to bring new products to market.

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Kencana Agriâ€™s 3Q net profit hits $2.8m

November 12th, 2010 | No Comments

Kencana Agri says net profit after tax jumped 328% from US$0.5 million ($0.65 million) to US$2.2 million for the third quarter (3Q2010) ended 30 September 2010.

For 3Q, Kencana reported revenue of US$30.7 million compared to US$34.0 million in 3Q2009 as a result of lower sales volume.

Kreuz Holdings posts 3Q net profit of $1.2m

November 11th, 2010 | No Comments

Newly-listed Kreuz Holdings, the subsea solutions provider for the oil and gas industry, reported a 6% increase in revenue to US$13.6 million ($17.5 million) for the three months ended September 30, 2010 (3QFY2010) from US$12.8 million for the three months ended September 30, 2009 (3QFY2009). Profit attributable to equity holders of the company increased marginally by 1.2% to US$0.9 million in 3QFY2010.

In terms of revenue by customers, contributions from related companies comprised 43.7% of revenue and third-party customers made up the remaining 56.3% in 3QFY2010.

Swiber says 3Q net profit fell 51.3% to $10.3m

November 11th, 2010 | No Comments

Swiber Holdings, the integrated construction and support services provider to the offshore oil and gas industry, today reported a 27.5% increase in revenue to US$122.4 million ($157.7 million) for the three months ended September 30, 2010 (3QFY2010), as the group recognised contributions arising from the projects awarded to the group since November 2009, concentrated in South East Asia and South Asia.

Sino Techfibre posts net loss of $10m in 3Q

November 11th, 2010 | No Comments

Sino Techfibre, the producer of microfibre, polyurethane (PU) synthetic leather and pattern moulding paper (PMP) in China, today announced that it registered a net loss of RMB51.5 million ($10 million) for the three months ended 30 September 2010, on the back of a 7.4% rise in group revenue to RMB279.2 million.

China Taisanâ€™s net profit soars to $11.8m for 3Q on Asian Games demand

November 11th, 2010 | No Comments

SGX Mainboard- and Taiwan Stock Exchange-listed China Taisan Technology Group Holdings, the producer of knitted performance fabrics, posted a seven-fold year-on-year (y-o-y) increase in net profit to RMB60.7 million ($11.8 million) for 3Q2010, backed by a strong turnover of RMB322.2 million, which went up 117.0% y-o-y riding on the strong demand for sportswear arising from the coming Guangzhou 2010 Asian Games.

Heng Long closes 3Q with higher net profit of $1.2m

November 11th, 2010 | No Comments

Heng Long International, one of the world’s five top-tier tanneries of crocodilian leather, increased its net profit attributable to shareholders for the 3 months ended 30 September 2010 (3QFY2010) by 186.6% to $1.2 million from $0.4 million in 3QFY2009. The strong performance is attributable to the overall improvement in the global luxury goods industry.

Revenue improved 60.6% y-o-y to $13.1 million in 3QFY2010, an increase from $8.2 million in 3QFY2009. The increase is attributable to the continued improvement of the global luxury goods industry. In tune with the rising revenue, gross profit increased by 65.2% from S$1.7 million in 3QFY2009 to $2.8 million in 3QFY2010.

Fabchem China posts 18.7% fall in 2Q net profit to $1.7m

November 11th, 2010 | No Comments

Mainboard-listed Fabchem China has posted an 18.7% fall in net profit to RMB8.8 million ($1.7 million) for the second quarter of the financial year ending 31 March 2011(2Q2011). Fabchem is one of the leading manufacturers of initiation systems and detonating cords producers in China.

Adampak delivers 15.5% rise in 3Q net profit growing $2.9m

November 11th, 2010 | No Comments

Adampak, the manufacturer of high-performance labels, seals and other precision die-cut components, says net profit increased 15.5% y-o-y to US$2.3 million ($2.9 million) for the three months ended 30 September 2010 (3Q2010) with a better product mix and economies of scale.

Revenue increased 9.1% y-o-y to US$16.2 million driven by growth across all sectors. The group’s telecommunication sector was amongst the best performers, growing 46% to US$1.6 million. This was followed by a 20.5% growth in the non-electronics sector to US$1.7 million. Adampak’s Hard Disk Drive (HDD) sector, the largest revenue contributor, performed in line with the HDD industry and maintained its sales of US$8.4 million for 3Q2010.

Koh Brothersâ€™ 9M net profit jumps 38% to $10.1m

November 11th, 2010 | No Comments

Koh Brothers Group, the construction, property development and specialist engineering solutions provider, today announced a 38% jump in net profit attributable to shareholders to $10.1 million for the nine-month period ended September 30, 2010 (9MFY2010), compared to $7.3 million in the previous corresponding period (9MFY2009). This was achieved on the back of a 14% increase in sales to $265.0 million, primarily contributed by the Construction and Building Materials division.

Apart from higher revenue, profit was boosted by a reduction in total expenses due to lower finance and distribution expenses. Correspondingly, the group’s profit before tax (PBT) rose by 56% to $11.3 million in 9MFY2010 compared to $7.3 million in the previous corresponding period.

Earnings per share improved to 2.10 cents for 9MFY2010, compared to 1.52 cents in 9MFY2009.

The group maintained a healthy balance sheet with cash and bank balances of $46.6 million as at September 30, 2010 compared to $43.0 million as at December 31, 2009.

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Singaporeâ€™s Olam Q1 net profit jumps 56%

November 11th, 2010 | No Comments

Singapore-based commodity firm Olam International (OLAM.SI) said on Thursday its net profit for the July-September period soared 56% from a year earlier to $29.7 million.

Olam, a US$5.47 billion ($7.05 billion) company which generated $10.5 billion in revenue in the 2009/10 financial year, said the higher profit was driven by increases in sales volume and net contribution from all business segments.

Sinopipeâ€™s 3Q net profit rises 7.2% to $3.9m

November 11th, 2010 | No Comments

Sinopipe Holdings, the manufacturer of plastic pipes and pipe fittings, says net profit rose 7.2% to RMB 20.4 million ($3.9 million) for the three months ended 30 September 2010 (3Q2010) from RMB 19 million in 3Q2009.

Revenue for 3Q2010 increased 11.1% to RMB 233.7 million from RMB 210.4 million recorded in 3Q2009 due to higher revenue recorded for water supply, telecommunication and electrical, water-saving irrigation and fuel gas operating segments under the plastic pipe segment.

Over the same period, gross profit rose 6.7% from RMB 47.7 million to RMB 50.9 million while gross profit margin was lower at 21.8% in 3Q2010, compared to 22.7% in 3Q2009, mainly due to higher raw material costs. Aided by lower other operating and tax expenses,.

Sinopipe believes that the long term prospects of the plastic pipes industry remain positive. The group says it will continue to participate in exhibitions which provide a platform for it to showcase its brands and products as well as present opportunities that will enhance its revenue base, profit margins and competitiveness.

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China Animal Healthcare posts 64% drop in 3Q net profit to $3.6m

November 11th, 2010 | No Comments

China Animal Healthcare, one of the leading players in China’s animal drugs industry, posted record revenue of RMB160.9 million ($31.3 million) for the three months ended 30 September 2010 (3Q2010).

But net profit declined 64% y-o-y to RMB18.4 million due mainly to the incurrence of numerous non-routine expenses such as professional fees in connection with CAH’s proposed listing on the Stock Exchange of Hong Kong amounting to RMB14.4 million and the non-cash fair value charge of RMB19.2 million for the 13.0 million new shares issued to employees.