SPH has posted a 29.9% rise in 3Q net profit to $164.6 million from $126.7 million for the 3Q ending May 31, 2010. Operating revenue was up 26.9% to $415 million from $327 million. Revenue from Newspaper and Magazine was up 19.8% to $265.9 million, while revenue from Property was up 43.4% to $135.3 million.
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Sixty percent of IT firms expect to see revenues in the second half of 2010 exceed those in the first half, and 37 percent expect to increase hiring, a CompTIA survey says. – About one in six IT companies expect revenues in the second half of
2010 to come in higher than in the first six months of the year,
according to a report released July 8 by CompTIA.
According to CompTIAs IT Industry Business
Confidence Index, 60 percent of tech firms surveyed expect third- and
…
The HTC brand, since buddying up with Google’s Android OS, has had a number of successful smartphones, and on July 6 it posted the figures to prove it. HTC says its net income jumped 33 percent for the second quarter, and total revenue exceeded 58 percent year over year. The company says sales of the Evo 4G should enable it to maintain its momentum in the second half of 2010. – Strong
Android sales have enabled smartphone manufacturer HTC
to log another successful quarter, solidifying its standing as a major
contender in the mobile device market.
The
company on July 6 announced profits of $268 million for the second quarter of
2010, according to the Wall Street
Jo…
Live Internet TV | Online TV technology allows you to watch over 4,500 HD channels right on your PC.
Midmarket companies have their eyes fixed abroad as growth opportunities outside the U.S. offer a way out of the sluggish economic recovery, one survey finds. – U.S. midsize
companies are increasingly pinning their growth plans on markets overseas even
as the U.S.
economic recovery slowly takes hold, according to the International Business
Survey.
The U.S.
component of the survey, conducted for the third year, polled nearly 650 U.S.
senior financial…
Scorpio East Holdings swung to a net loss of $3.76 million for the financial year ended 30 April 2010 (FY2010) compared to a net profit of $1.02 million in FY2009 due mainly to poor box office results and impairment provision of two films that were released in the theatres.
Revenue decreased 14% to $20.21 million in FY2010 from $23.56 million in FY2009. This was mainly due to decrease in revenue from video distributions offset by the increase in contribution from live entertainment productions and concerts, content productions, and rental income.
NetSuite says its first to market with an on-demand revenue recognition application that implements new accounting rules that will enable IT companies to book billions in product sales revenue sooner than was possible under earlier rules that have been in force for years. –
NetSuite on June 10 introduced a new application that will
help companies implement the complex new accounting rules covering revenue
recognition for product sales that involve a combination of hardware and
software.
The product, called NetSuite Advanced Revenue Recognition,
will …
First Ship Lease Trust (D8DU.SG) is off 3.3% at 44.5 cents on risk to near-term revenue as one of vessel owner’s ships, Verona I, seized in Japan by Singapore-based Daxin Petroleum for not paying for bunker supplied by Daxin, according to Dow Jones.
Gartner is predicting that revenues in the semiconductor industry will grow 27.1 percent in 2010, an increase over earlier projections of 19.9 percent. Fueling the growth is demand for desktops and notebooks, smartphones, and other consumer devices, according to Gartner. – Market research company Gartner is upping its revenue projections for the
semiconductor industry based on strong demand for PCs, mobile phones and other
consumer devices.
In a report June 3, Gartner analysts said worldwide
semiconductor revenue for 2010 should reach $290 billion, approximately a…
Google says it pays customers using its AdSense for content service 68 percent of the money the search engine earns from AdSense advertisers. Google pays 51 percent of revenue to publishers that use its AdSense for search product. The information about how the shared revenue is split comes as Apple prepares to launch its iAd platform with a 60-40 split in favor of developers, and as regulators are increasingly hounding Google to be more transparent. – Google May 24 came clean on its revenue-sharing practices for its two core
AdSense advertising products, weeks before Apple is expected to turn on its iAd
platform.
Google said it pays its quot;AdSense for content quot; publishing customers
68 percent of the money the search engine earns from A…
Dell reports revenue of $14.9 billion and net income of $584 million for the first quarter of its fiscal 2011. Asked about the iPad and HP’s purchase of Palm, CEO Michael Dell said he sees the tablet PC as creating a whole new purchase pattern. – Dell reported a strong first quarter for its fiscal year 2011, with revenue
reaching $14.9 billion, up 21 percent from its $12.3 billion a year ago. Net
income for the quarter, Dell announced May 20, was $584 million.
Executives emphasized the increasing growth on the enterprise side of Dell’s
…
Roxy-Pacific Holdings, the homegrown specialty property and hospitality group, posted a 42% increase in net profit to $9 million for the first quarter ended March 31, 2010 (Q1FY2010) on the back of a 60% jump in revenue to $61 million. The company attributed the higher revenue to a 80% rise in revenue from the property development segment.
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Net income gained to $1.02 billion, or 6.4 cents a share, in the three months ended March 31, from $903 million, or 5.7 cents, a year earlier, the company said in a statement today. That compares with the $1.01 billion median estimate of three analysts surveyed by Bloomberg News.
DBS Vickers Securities in a May 12 research report says: “Sim Lian reported 3Q10 PATMI of $18.4 million (+38% y-o-y) on $203.2 million of revenue (+132%). Revenue was underpinned by progressive recognition of revenue at its development projects which have been substantially sold, as well as an 83% y-o-y increase in revenue contribution from its construction division.
Parkway Holdings, the operator of private hospitals, says profit after tax and minority interests (PATMI) excluding exceptional items, increased by 10% to $25.8 million for the three months ended 31 March 2010 (1Q 2010). Group revenue grew by 8% to $247.6 million compared to $229.6 million in the corresponding year-ago period.
Revenue from Parkway’s Singapore Operations grew by 10% to $165.3 million in 1Q 2010 compared to $150.3 million in the previous corresponding quarter. The group’s Singapore operations remain its largest revenue contributor, accounting for 67% of total revenue in 1Q.
OKP Holdings, the infrastructure and civil engineering company, says the group posted a revenue of $33.9 million and net profit after tax of $3.5 million for the first quarter ended 31 March 2010 (1QFY2010), up 14.5% and 10.1% compared to the same corresponding quarter a year ago respectively.
OKP says the construction segment continued to contribute the lion’s share of overall revenue, recording revenue of $27.4 million for the quarter, an increase of $6.5 million or 31.1% from the $20.9 million in the previous corresponding period. This was mainly attributed to a higher percentage of revenue recognised from a few construction projects which were in full swing in the period under review.
SATS says group revenue for the fourth quarter (1 January – 31 March) increased to $390.6 million, up 20% (+$64.1 million) over the same period last year.
This was due to the full consolidation of SFI which contributed revenue of $165.1 million, compared to the two-month revenue contribution of $110.2 million in the fourth quarter of FY2008-09. Higher aviation revenue of $218.7 million, up from $209.1 million, also led to higher group revenue.
First Ship Lease Trust (D8DU.SG) is down 9.9% at 54.5 cents on prospect of weaker revenue, DPU as Groda Shipping & Transportation seeks to end charter contracts for two ships, which account for 15% of vessel owner’s revenue.
