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.
Posts Tagged ‘profit’
Genting Singapore Posts 3Q profit of $187.8m
November 11th, 2010 |
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Genting Singapore Plc, owner of one of two casinos in the city-state, said third-quarter net income was $187.8 million, compared with a loss of $93.3 million a year earlier.
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Adampak delivers 15.5% rise in 3Q net profit growing $2.9m
November 11th, 2010 |
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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 Brothers’ 9M net profit jumps 38% to $10.1m
November 11th, 2010 |
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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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Singapore’s Olam Q1 net profit jumps 56%
November 11th, 2010 |
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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.
Sinopipe’s 3Q net profit rises 7.2% to $3.9m
November 11th, 2010 |
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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 |
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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.
China Animal Healthcare posts 64% drop in 3Q net profit to $3.6m
November 11th, 2010 |
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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.
Olam 1Q profit rises 56% on higher sales: Update
November 11th, 2010 |
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Olam International, a commodities supplier partly owned by Singapore’s Temasek Holdings, said its first-quarter profit rose 56% because of higher sales and wider margins.
Net income advanced to $29.7 million in the three months ended Sept. 30 from $19 million a year earlier, the company said in a statement to the Singapore exchange. Sales gained 31% to $2.45 billion from $1.88 billion.
Olam 1Q profit rises 56% on higher sales: Update
November 11th, 2010 |
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Olam International, a commodities supplier partly owned by Singapore’s Temasek Holdings, said its first-quarter profit rose 56% because of higher sales and wider margins.
Net income advanced to $29.7 million in the three months ended Sept. 30 from $19 million a year earlier, the company said in a statement to the Singapore exchange. Sales gained 31% to $2.45 billion from $1.88 billion.
DBSV raises Yongnam target; 3Q well executed
November 11th, 2010 |
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DBS Vickers says Yongnam (Y02.SG) 3Q10 net profit, +21% on-year at $13.7 million, above estimates, 9-month net profit accounted for 82% of FY10 forecast.
Says, sustained high gross margins in 3Q10 of 27.6% vs 23.8% in 3Q09 “continue to surprise.” Adds, orderbook strong at $451 million end-3Q; “order momentum reamined healthy in 3Q10, as the Group secured 3 contracts worth $84 million for the Downtown Line Stage 2 MRT projects in Singapore.”
Golden Agri 3Q profit rises 41% on prices
November 11th, 2010 |
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Golden Agri Resources, the world’s second-largest palm oil producer, said third-quarter profit rose 41%, aided by higher output and rising prices.
Net income rose to US$99.17 million ($127.5 million) for the quarter ended Sept. 30 compared with US$70.56 million a year-earlier, the Singapore-based company said today in a statement.
Golden Agri-Resources sees 41% rise in 3Q net profit to $127m
November 11th, 2010 |
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Golden Agri-Resources has recorded a 41% year-on-year increase in net profit to US$99 million ($127 million) for the third quarter ending Sept 30 (3Q2010).
Revenue rose 43% to $965 million from $673 million in the same period.
Golden Agri-Resources says it achieved strong recovery in its palm products output for 3Q 2010 by 21% to 608,000 tonnes from 503,000 tonnes in the previous quarter, resulting in year-to- date performance of 1.56 million tonnes.
Koda posts 1Q net profit of $0.5m, reversing losses
November 11th, 2010 |
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Mainboard-listed Koda, the original design manufacturer, today announced a net profit of US$0.4 million ($0.5 million) for the July-September quarter (1Q11), reversing two consecutive quarters of losses for 3Q10 and 4Q10.
Concurrently, 1Q11 revenue for the home-grown exporter of home furniture for the mid- to upper-end market segments worldwide improved by 15.4% or US$1.6 million over 4Q10 to US$11.8 million, driven mainly by the US market which accounted for about 46% of Koda’s revenue.
Similarly 1Q11 gross profit rose 14.5% to US$3.1 million from US$2.7 million in 4Q10 while gross profit margin remained relatively stable at 26%.
Koda’s Managing Director James Koh Jyh Gang says: “Although we are not out of the woods yet, we are encouraged by our return to profitability this quarter. While average order size remains small and delivery times are shorter, the continuity in orders in the last few quarters means that our core business fundamentals are intact.”
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Super Group’s 3Q net profit rises 49% to $13.6m
November 11th, 2010 |
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Super Group, the brand-owner of instant beverages and convenience foods, says it registered a 49% increase in net profit to $13.6 million for the three months ended 30 September 2010, powered by its dual-engine of growth — consumer goods and ingredients sales.
Revenue grew 12% to $86.8 million in 3Q10 with ingredient sales taking the lead. Ingredients sales jumped 47% to $14.5 million in 3Q10 from $9.9 million in 3Q09, driven by higher non-dairy creamer sales into China.
Ho Bee Investment posts 61% fall in 3Q net profit to $39m
November 11th, 2010 |
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Mainboard-listed property group Ho Bee Investment says net profit attributable to shareholders decreased 61% from $99.3 million in the previous year to $38.8 million, yielding 5.3 cents per share. Group turnover was 53% lower, from $209.2 million to $98.9 million, as a result of the higher revenue recognition from development properties in the same quarter last year.
Lizhong Wheel reports 3Q net profit more than tripled to $3.1m
November 11th, 2010 |
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Lizhong Wheel Group, the manufacturer of aluminum alloy wheels in China, says net profit more than tripled to RMB15.7 million for the 3 months ended 30 September 2010 (3Q10), from RMB4.6 million in 3Q09. The surge in net profit was built upon strong sales growth from all business segments, which boosted revenue by 66.0% to RMB377.7 million in 3Q10 from RMB227.5 million in 3Q09.
SingTel 2Q net profit down 6.7% to $892m as Bharti weighs
November 11th, 2010 |
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Singapore Telecommunications <STEL.SI>, Southeast Asia’s largest telecommunications firm, posted a lower-than-expected quarterly profit, as acqusition costs by Indian affiliate Bharti weighed, but cheered investors by raising dividends.
SingTel, 55% owned by Singapore state investor Temasek Holdings [TEM.UL], said earnings were hit by costs from Bharti Airtel’s <BRTI.BO> acquisition of the African telecom assets of Kuwaiti group Zain <ZAIN.KW> in June and investments in multimedia services in Singapore.
China Aviation Oil down 2.4%; $1.60 may support
November 11th, 2010 |
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China Aviation Oil (G92.SG) down 2.4% at $1.63 after it posts 3Q net profit of US$13.8 million ($17.8 million), down 26.3% on year, off 23.8% on quarter, partly on lower gross profit (down 10.4% on year at US$7.9 million), due to lower gains from trading activities, higher freight costs.
SingTel profit unexpectedly drops on India, Indonesia
November 11th, 2010 |
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Singapore Telecommunications, Southeast Asia’s biggest phone company, reported an unexpected drop in profit after competition reduced earnings at partners in India and Indonesia.
Net income fell 6.7% from a year earlier to $892 million in the quarter ended in September, SingTel, as the company is known, said in a statement today. That missed the $969 million average of four analyst estimates compiled by Bloomberg.