Plant and terminal engineering specialist PEC has reported a 167% rise in net profit after tax to $20.2 million for the financial quarter ended 31 March 2010 (3QFY2010) from $7.6 million in 3QFY2009.
Posts Tagged ‘Tax’
OUE posts profit before tax of $23.7m in 1Q
May 10th, 2010 |
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Overseas Union Enterprise says it achieved a profit before tax of $23.7 million in 1Q 2010, a 173.9% increase from 1Q 2009. Including unrealised fair value gains on revaluation of the group’s investment properties and writeback of impairment on the group’s development property totalling $187.5 million taken in 1Q 2010, the group posted a PBT of $211.1 million.
OUE is a property player in Asia and an integrated property developer in Singapore with a portfolio of prime assets the retail, commercial, residential, and hospitality sectors.
Hupsteel back to black in 3Q with profit after tax of $1.2m
May 6th, 2010 |
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Hupsteel, the provider of steel products and services for the oil and gas, chemical and marine industries, has posted a profit after tax of $1.2 million for the quarter ended 31 March 2010 (3QFY10) compared to a loss of $2 million in 3QFY09. Revenue for the quarter stood at $39.8 million down from $50 million in 3QFY09.
StarHub posts 48% fall in profit after tax to $43m for 1Q
May 6th, 2010 |
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StarHub has posted a net profit after tax decreased to $43 million for the quarter ended 31 March 2010 (1QFY2010), a fall of 48% from $82 million in 1QFY2009. Total operating revenue increased 5% to $557 million in 1Q10 from $531 million 1Q09.
Noble off 2.6%; Aussie tax impact minimal, says analyst
May 4th, 2010 |
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Noble Group (N21.SG) is off 2.6% at $2.95 as investors lighten positions ahead of supply chain manager’s 1Q10 results due Thursday, mull impact of Australia’s recent proposed tax reform for resources industry, according to Dow Jones.
US to probe thousands more offshore tax evaders
May 3rd, 2010 |
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The US government expects to probe thousands more cases of wealthy individuals dodging taxes through offshore bank accounts, on top of the high profile case against UBS AG <UBS.N><UBSN.VX>, a US tax attorney said on Monday.
“We expect over the next couple of years, in addition to the UBS cases, to have somewhere between 4,000 and 7,000 more cases coming to us with. These are from banks and governments cooperating,” said Kevin Downing, a senior tax attorney of the US Department of Justice, in a lecture in Singapore.
QAF posts 2% fall in group profit after tax to $16.8m
April 27th, 2010 |
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QAF has posted a 2% fall in group profit after taxation of $16.8 million for the first quarter ended 31 March 2010 (1Q2010) compared to a group PAT of $17.1 million for 1Q2009.
Group net revenue increased by 2% to $198 million for 1Q2010 from $193.3 million in 1Q2009.
Broadway Industrial posts 121% rise in 1Q profit after tax to $12m
April 27th, 2010 |
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Broadway Industrial Group says it posted a 121.4% y-o-y increase in profit after tax and minority interest (PATMI) for the first quarter of 2010 (1Q2010) to $11.9 million from $5.4 million in 1Q2009. This was backed by 11.2% y-o-y growth in revenue to $151.1 million in 1Q2010 from $135.9 million in 1Q2009.
China Merchants posts 1Q net profit after tax of $17.8m
April 26th, 2010 |
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Toll road operator China Merchants Holdings (Pacific) today announced a net profit after tax of HK$100.8 million ($17.8 million) for the first quarter ended 31 March 2010, up 60% from the corresponding period last year.
Government orders parallel probes into IPL affairs
April 19th, 2010 |
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The government has ordered parallel probes by virtually all its economic intelligence units to determine the source and use of funds by franchises of the Indian Premier League (IPL) and unearth possible tax evasions and flouting of rules.
“I can assure you that all aspects of IPL will be probed, inclusive of the sources of funding, [...]
After Getting Bailed Out By American Taxpayers, General Electric Pays ZERO U.S. Taxes, Pretending that All of Its Profits are Overseas
April 17th, 2010 |
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General Electric got bailed out by American taxpayers.Specifically, it was given $139 billion in FDIC guarantees and support by the Federal Reserve for it’s commercial paper (see this).So you’d think that GE would return the favor by paying American ta…
Pammie speaks out about her tax problems
April 16th, 2010 |
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‘Baywatch’ star Pamela Anderson has spoken out about reports that she failed to pay almost 333,000 pounds in taxes, insisting that she is working to resolve the “temporary but embarrassing situationâ€.
The California Franchise Tax Board released its annual list of delinquent taxpayers earlier this month, and named Anderson, 42, as one of the main culprits.
According [...]
Pamela Anderson Explains Tax Troubles
April 15th, 2010 |
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Pamela Anderson wants to explain why she doesn’t have to pay taxes like the rest of us. The Dancing with the Stars contestant is addressing reports that she has failed to pay almost $500,000 in personal income taxes after the State of California placed the former Baywatch babe on a list of the West Coast’s [...]
Pamela Anderson Tax Debt: Pamela Anderson Owes Nearly $500K In Back Taxes
April 13th, 2010 |
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Pamela Anderson’s going to have to do a lot more than work her rumpshaker on Dancing with the Stars to cover the massive debt she owes Uncle Sam: The former Baywatch babe reportedly owes $493,000 in personal income tax to the State of California, The Associated Press said this week.Anderson is one of 250 individuals [...]
Thomson Medical posts 22% growth in net profit after tax to $7.2m in 1H FY2010
April 8th, 2010 |
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Thomson Medical Centre, the private healthcare provider for women and children, says it posted a 22% y-o-y rise in net profit after tax to $7.2 million for the six months ending Feb 28 2010.
The improved performance was led by higher contribution from both its core business segments of Hospital Operations and Ancillary Services and Specialised and Other Services.
Volcker: Raise Taxes to Curb the Deficit
April 7th, 2010 |
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Paul Volcker says that the U.S. will probably need to raise taxes to curb the deficit.Specifically, at a speech to the New York Historical Society, Volcker said that America should consider imposing a “value added tax” – a type of national sales tax us…
Is There Any Law Requiring the Average American Citizen to Pay Income Tax?
April 5th, 2010 |
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I finally watched From Freedom to Fascism, made by the producer of movies such as Trading Places, Wise Guys, and The Rose. The film includes interesting interviews with the former IRS Commissioner and chief IRS counsel, former IRS agents, and a juror o…
What’s Your Best Tax Prep Tip?
March 13th, 2010 |
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Are you a wiz at getting your tax forms filled out accurately on time or early without much stress? Do you have any specific tips or preferred software you use to make your tax magic happen?
Tax time is in full swing for most American readers. While your tips and tricks for stress-free filing of American taxes are much-needed and appreciated, how cool would it be if we could get some tips from across the world? Do you have an odd tax tip that applies only where you live? We’d like to learn it!
Make sure to include a link and name with your tip so we can give you proper credit if we use your tip in a future post!
Yongnam Holdings posts 33% rise in profit before tax to record $49m for FY09
February 27th, 2010 |
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Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, announced a record profit before tax of $48.8 million for its full year ended December 31, 2009 (FY2009) on the back of a marginal 2.7% increase in revenue to $346.8 million. Yongnam says this is the fourth straight year of record performance since FY2006.
Gross profit rose 18% to $80.4 million compared to $68.1 million in FY2008 but 4Q gross profit was dented by cost overruns and stoppages at the Dubai Metro Rail project which was substantially completed by the end of FY2009.