BBR Holdings, the specialist engineering group, says profit after tax grew 19% y-o-y to $3.5 million for the three months to 30 September 2010 (3Q10) from $3 million in 3Q09.
BBR has three core business activities, namely General Construction, Specialised Engineering and Property Development.
Fuxing China says net profit rose 129% to RMB 22.7 million ($4.4 million) for the third quarter ended 30th September 2010 (3Q2010) on the back of a 17% increase in revenue to nearly RMB150.0 million. The strong 3Q2010 performance boosted the group’s 9M2010 net profit by 138% to RMB 48.5 million and revenue by 40% to RMB 462.4 million.
Advanced Holdings, the supplier of proprietary process equipment and technologies, clean energy solutions and environmental technologies, today reported revenue of $18.8 million for the third quarter ended 30 September 2010 (3Q2010), representing a 3.3% increase as compared to the same period last year (3Q2009), and earnings of $1.4 million for the latest quarter.
Despite higher cost outlays, the group recorded a marginally higher gross profit margin of 31.2% in 3Q2010.
Managing Director Dr Wong Kar King says, “We are heartened by the improvement in our latest order book. We recently clinched four new contracts amounting to some $11 million in China and the Middle East, signifying renewed momentum in terms of demand. In addition, our opportune acquisition of both ATAC1 and AEPL2 earlier this year will enable the Group to capture a bigger slice of the market in the Oil and Gas as well as Petrochemicals and Chemicals business segments. Going forward, we will focus on further integrating our Group and improving our performance.”
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Mainboard-listed Hu An Cable Holdings, one of the top 10 cable and wire manufacturers in China, has posted a 30.2% surge in net profit to RMB134.1 million ($25.9 million) for the nine months ended 30 September 2010 (9M10) from RMB103.0 million a year ago.
9M10 revenue increased by 77.3% year-on-year to RMB1,673.1 million on the back of higher sales across all its business segments. The cable and wire segment contributed RMB1,128.6 million or 67.5% to the overall revenue, while the contribution from the other segments including copper rods increased from 13.1% in 9M09 to 32.5% in 9M10.
Mainboard-listed YHI International, the original design manufacturer (ODM) of alloy wheels, says it posted a 25.4% rise in net profit to $8.3 million in 3QFY10 from $6.6 million in 3QFY09.
The earnings were achieved on the back of an 18.1% rise in sales to $132.3 million in 3QFY10 from $112.0 million in 3QFY09. The increase stemmed mainly from higher demand for the group’s products as a result of the improved global economy and consumer sentiment.
An IE zero-day has been linked to more malware attacks as well as a well-known exploit kit. – More malware has been seen targeting a zero-day flaw in Internet Explorer that has already made its way into a popular crimeware toolkit.
The bug, which was discovered by Symantec, was linked last week to a backdoor Trojan known as Pirpi. However, researchers at FireEye have noted a Trojan named…
Armstrong Industrial Corporation, the specialist in noise, vibration and heat management for the automotive and electronics industries, says net profit attributable to shareholders grew 13.2% y-o-y to $4.6 million while revenue grew 18.7% y-o-y to $58.0 million for the three months ended 30 September 2010 (3Q2010).
Positive growth rates were registered in 3Q2010 vs 3Q2009 across all countries except Singapore which is largely Data Storage-dependent. In line with earlier forecasts, demand for Data Storage stabilised in 3Q2010 compared to more aggressive growth in 1H2010 vs 1H2009.
Mainboard-listed Sinotel Technologies, the provider of wireless telecommunications infrastructure and solutions in China, says net profit attributable to equity holders for the third quarter ended 30 September 2010 (3Q10) is up 19.2% to RMB49.8 million ($9.6 million) compared to similar period a year ago. This was achieved on the back of a 71.7% jump in group revenue to RMB233.9 million driven by strong orders for wireless equipment and installation services.
Mainboard-listed China Paper Holdings, the vertically integrated mixed pulp paper and paper chemical products manufacturer in China, says it posted a 14.2% y-o-y rise in net profit to RMB33.9 million ($6.5 million) in the 3 months ended 30 September 2009 (3QFY09).
Revenue rose 21.6% to RMB275.3 million from RMB226.4 million. This was mainly attributable to a full quarter of sales contribution from the new coated paper manufacturing line which commenced production in May, a 42.9% increase in sales from newsprint paper, a 2.3% increase in sales from printing paper, and a 4.4% rise in revenue from paper chemicals. The group’s revenue increase was also supported by stable average selling prices across all its paper products.
Within the 3 months period that ended 30 September 2010, the group registered net cash generated from operating activities of RMB38.4 million after income tax payment of RMB12.3 million.
Barring any unforeseen circumstances, China Paper remains positive about the group’s performance and profitability for FY2010.
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Mainboard-listed Sarin Technologies, the manufacturer of instruments for evaluating of diamonds and gems, says revenue and net profit rose 34% and 95% to US$8.4 million and US$0.8 million respectively for the three months ended 30 September 2010 (3QFY2010) compared to the corresponding period last year (3QFY2009).
Sembcorp Industries reported a 65% growth in net profit for the third quarter of 2010 (3Q2010). In 3Q2010, group net profit was $244.1 million compared to $148.1 million, while turnover was $2.2 billion compared to $2.6 billion in 3Q2009.
The group’s share of Marine’s net profit for the quarter included an exceptional item comprising $32.1 million from Marine’s full and final amicable settlement of disputed foreign exchange transactions. Excluding this exceptional item, group net profit rose 43% from $148.1 million to $212.0 million.
Action Asia, the designer, manufacturer and assembler of video and audio mobile entertainment products, reported a 10.2% rise in net profit to $10.5 million for 3Q2010 against $9.5 million in 3Q2009. This was 34.5% higher than the net profit of S$7.8 million achieved in 2Q2010.
Group revenue was up 21.3% to $130.1 million in 3Q2010 from $107.2 million in 3Q2009. This was also 41.3% higher than $92.0 million in 2Q2010. The increase stemmed mainly from higher sales of consumer lifestyle entertainment products resulting from higher volume of orders received from the Group’s key multinational customers. These consumer lifestyle entertainment products were widely accepted by consumers, prompting a surge in demand for these products.
The group’s 3Q2010 net profit would have been higher if not for the increased foreign exchange loss of $1.07 million resulting from a weakening US Dollar. The group’s forex loss in 2Q2010 was $0.39 million.
The group has announced an interim cash dividend of 0.50 cent per share for 3Q2010. This is the second cash dividend announced in FY2010. The interim dividend will be paid on 1 December 2010.
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Foam and fabric manufacturer Ziwo Holdings says net profit grew 41.7% to a quarterly record of RMB33.7 million ($6.5 million) for the group’s third quarter ended 30 September 2010 (3Q10).
For the latest quarter, the group reported a 56.7% increase in revenue to RMB140.3 million, due mainly to the increase in production capacity coupled with the continuous strong market demand for its products, as sales volume for the quarter grew 39.2% to 10,194 tonnes..
While sales of wireless printers are picking up, consumers aren’t taking full advantage of the technology, a report finds. – Consumers are increasingly making the choice to buy wireless printers,
according to the NPD Group’s Retail Tracking Service. Since early 2010 more
than 50 percent of multifunction printers (MFPs) sold at retail have been wireless,
according to NPD’s report, which also found that consumers spend a…
CSC Holdings, the foundation and geotechnical engineering specialist, has reported an 4% increase in earnings to $4.4 million for the three months ended 30 September 2010 (2Q FY11), compared to $4.1 million achieved in the first quarter ended 30 June 2010 (1Q FY11).
Revenue of $78.4 million for 2Q was also 0.9% higher than revenue of $77.7 million in 1Q.
Sembcorp Marine achieved a 105% increase in 3Q 2010 net profit to $296 million from $145 million in 3Q 2009. Excluding the one-off write-back of $53 million in the consolidated income statement arising from the full and final amicable settlement with Societe Generale on the disputed foreign exchange transactions, net profit at $243 million in 3Q 2010 was 68% higher as compared with $145 million for the corresponding period in 2009.
Job vacancies in technology keep expanding month over month, and year over year according to two monthly reports that track and report employment opportunities, supply and demand rates and job titles in demand. – Job openings for technology professionals continue
to grow significantly from the same time last year. Silicon Valley continues to see a
resurgence of job opportunities with a 61 percent increase from November 2009
at more than 4,600 openings in the region, according to a monthly report from
t…
Mainboard-listed Excelpoint Technology says net profit improved 93.5% to US$0.9 million ($1.16 million) during the quarter for the quarter ended 30 September 2010 (3QFY2010) from US$0.5 million in 3Q FY2009.
The group also saw a 41.3% increase in revenue, which rose to US$135.2 million in 3Q FY2010 from US$95.7 million in 3Q FY2009.
Mainboard-listed Cosco Corporation (Singapore), the leading ship repair & marine engineering and shipping group, today says net profit attributable to equity holders of the company soared 147.4% to $55.1 million for the third quarter ended 30 September 2010 (3Q 2010) from $22.3 million in 3Q 2009.
Group turnover increased 26.7% to $952.7 million in 3Q 2010 on the back of higher progressive revenue recognition for the group’s ship building and offshore marine engineering projects and higher dry bulk shipping revenue. Ship building, repair and marine engineering turnover rose 27.4% to $918.7 million in 3Q 2010 on progressive completions of projects. Turnover from dry bulk shipping business increased 13.7% to $30.4 million in 3Q 2010 due to higher charter rates strategically secured at the points of charter renewals.
