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 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 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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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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Rokko Holdings reported a 44.3% increase in revenue to $42.6 million and a 142% surge in earnings to $4.3 million for the year ended Dec 31, 2010 on pent-up demand for semiconductor equipment. A final dividend of 0.5 cent a share was proposed.
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Lasseters International Holdings reported a 16% increase in revenues to A$42.4 million ($54 million) and a loss of A$789,000 for the six months ended Dec 31, 2010. The company had reported earnings of A$164,000 in the same period last year. Lasseters says it continues to be impacted by the poor performance of the Cypress Lake Group, which is in the resorts, spas and health retreats business.
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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.
Property developer Wing Tai Holdings reported a 13% rise in revenue to $197.8 million and a 142% increase in earnings to $53.9 million for the three months ended Dec 31, 2010. The company says it will keep a close watch on the property market and will at appropriate times release more residential units for sale in the current FY.
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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 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 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.
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.
Microsoft posted strong quarterly revenues off sales of Kinect and other products, but faces challenges in online services. Net income totaled $6.63 billion. – Numberswise, Microsoft’s latest quarterly earnings suggest a lot of upside
for the company, with a stronger-than-expected $19.95 billion in revenue and
$6.63 billion in net income. However, many of its latest and most high-profile
initiatives including Windows Phone 7 and cloud software have yet …
AT&T posted a strong quarter and customer additions that put it ahead of Verizon despite, it said, there being “no secret” that Verizon was getting an iPhone. – AT amp;Ts
pending loss of exclusive rights to the Apple iPhone cast a shadow over its
fourth quarter 2010 earnings call on Jan. 27, despite AT amp;Ts strong showing
on the wireless front; the carrier announced nearly 10 percent growth in
wireless revenue and the addition of 2.8 million wireless …
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 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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Frasers Commercial Trust says gross revenue was for the first quarter ended Dec 31, 2010, was $29 million, 2.3% lower as compared to a year ago.
This was mainly due to lower contribution from Cosmo Plaza as a result of the expiry of a significant tenancy in August 2010.
Correspondingly, net property income was 2.4% lower at $22.9 million.
Apple posted record revenue and profits Tuesday, a day after the company announced that its iconic founder and chief executive Steve Jobs was taking a medical leave of absence for unspecified health problems. The health of the company however has never seemed brighter. Apple said it had record revenue of $26.74 billion in the fourth [...]
Singapore Press Holdings today reported net profit attributable to shareholders for the first quarter ended 30 November 2010 (1Q 2011) fell 29.3% y-o-y to $102.3 million.
Profit from the Newspaper and Magazine segment improved by 10.0%, driven by the increase in print advertisement revenue.
