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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Sellers of 380-centistoke fuel oil, or bunkers, will receive an average US$4.20 ($5.37) a metric ton more than what they pay for the cargoes in Singapore this year, according to the median estimate in a survey of six traders conducted Jan. 24-27. The difference, known as the bunkers premium, shrank to an average US$3.40 a ton last year from US$5.92 in 2009 and $12.14 in 2008, according to data compiled by Bloomberg.
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.
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.
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 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.
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).
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.
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.
The company reports net income for its third quarter of $132 million, compared with $301 million for the same quarter in 2010. – In its fiscal third-quarter earnings report on Jan. 26, data protection
provider Symantec had some good news and some not-so-good news: It reported a 4
percent increase in its overall revenue but also that its profit margin slipped
56 percent from a year ago.
Nonetheless, the company’s quarte…
Keppel Corp., the world’s largest oil-rig maker, said profit in the fourth quarter rose 17%, beating analysts’ estimates, as rising oil prices and requirements for newer, safer rigs stoked demand.
Net income climbed to a record $403 million from $343 million a year earlier, the company said today. That surpassed the $371.3 million average of four analyst estimates compiled by Bloomberg. Sales fell 19% to $2.44 billion.
Net income climbed to a record $403 million from $343 million a year earlier, the company said today. That surpassed the $371.3 million average of four analyst estimates compiled by Bloomberg. Sales fell 19% to $2.44 billion.
Net income climbed to $403 million from $343 million a year earlier, the company said in a Singapore stock exchange statement today. That surpassed the $371.3 million average of four analyst estimates compiled by Bloomberg. Sales dropped 19% to $2.44 billion.
