Tse To Chung, Lawrence has been appointed independent director wef Nov 19
Work experience: Partner, Joyce Chan & Co, Hong Kong; more than 17 years of legal practice experience
Posts Tagged ‘Novo’
Novo Group – Corporate moves
November 25th, 2010 |
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Novo Group – Corporate moves
September 1st, 2010 |
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Chua Keng Hiang has resigned as independent director/audit committee member wef Aug 27
Reason for cessation: Mr Chua did not seek re-appointment as independent director at the Company’s AGM held on 27 August 2010, as he has served the company for about two and a half years, and wished to retire at the AGM to pursue his professional and personal interests.
Novo Group posts 667% jump in net profit to $16.5m in FY2010
June 21st, 2010 |
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Novo Group, the global steel and coal supply-chain management company, says net profit for financial period ended 30 April 2010 (FY2010) climbed 667% to US$12 million ($16.5 million) compared to net profit of US$1.6 million in FY2009.
Revenue for FY2010 was US$403 million, a 23% decline from FY2009 revenue of US$523.7 million but gross profit margin in FY2010 increased to 13.8% from 8.8% in FY2009.
Novo Group – Corporate moves
April 9th, 2010 |
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Foo Teck Leong has been appointed independent director wef April 1
Work experience: Director, Red Dot Consult Pte Ltd; director, several privately held companies and a listed company
March 16: SIA Engineering, SIA, Cosco, Healthway Medical, Chip Eng Seng, Novo Group
March 16th, 2010 |
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Singapore’s benchmark Straits Times Index (.FTSTI) slipped 0.24% to 2,874.33 points yesterday. US stocks were little changed last night as a late rebound in financial stocks offset nagging worries the Chinese government may tighten credit, a move that could slow growth in the global economy. Here are some stocks and factors to watch:
Novo Group posts 422% rise 3Q net profit to $6.6m
March 15th, 2010 |
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Novo Group, the global steel and coal supply-chain manager, says net profit grew to US$4.7 million ($6.6 million) for the financial period ended 31 January 2010 (3QFY2010), up 422% from US$0.9 million in 3Q FY2009. Earnings per share in 3Q FY2010 rose to 0.78 US cents from 0.14 US cents in 3Q FY2009.
Group revenue for 3QFY2010 improved to US$127.7 million ($178.4 million), an increase of 67.7% from US$ 76.2 million in 3Q FY2009. This was due to a significant improvement in the performance of the group’s international steel trading division, contributing 85.7% of the group’s total revenue or US$109.5 million due to the growth in demand of semi-finished products in South East Asia market and the increase in steel price.
Novo Group rated buy
February 1st, 2010 |
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CIMB in a Jan 28 research report says: “Novo is a global steel and coal supply-chain management company with integrated support services. The group recently ventured into domestic trading and distribution in China and Hong Kong. Novo’s profitability has rebounded strongly with 1HFY10 net profit of US$5.5 million surpassing its FY2009 net profit of US$1.9 million.
Novo unit gets official nod for scrap processing land in China
January 13th, 2010 |
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Novo Group says Iron and Steel Resources Limited (ISRL), a subsidiary of the company, has obtained a letter of approval from the local the Chinese authorities that a 500m long Yangtze River coastal line together with 333,000 sqm of land be reserved to ISRL.
Jan 8: Cosco, Frasers Centrepoint, Novo, Epure, United Fiber System
January 8th, 2010 |
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The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index slipped 0.6% to 2,913.25.
The Dow and the S&P 500 rose last night after Bank of America (BAC.N) and General Electric (GE.N) rallied on positive broker comments, but investors were cautious a day before the release of key monthly non-farm payrolls data.
Novo Group posts 2Q profit of US$1.5m from loss a year ago
December 7th, 2009 |
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Novo Group, the global steel supply-chain management company, says the group achieved revenue of US$114.2 million ($158.6 million) for the three months ending Oct 31 (2Q2010) from US$81.2 million in 2Q2009, representing an increase of 40.6%.
Novo attributes the growth to the expansion of demand of raw materials in North Asia and the contribution of the domestic trading and distribution business in China and Hong Kong.
Investigation opens against three Serbs
October 13th, 2009 |
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An investigation against three Kosovo Serbs from Novo Brdo will begin before the EULEX prosecutor in Priština .
Witnesses Haqiva Demali and Seljami Beqiri from Novo Brdo are expected to be questioned in connection with the case.
Custody confirmed for K. Serbs
September 29th, 2009 |
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A court in Priština confirmed a month-long custody period for three Kosovo Serbs suspected of committing war crimes. They were arrested last week in the town of Novo Brdo, in the eastern part of the province.