The following companies saw new developments that may affect trading of their securities on Friday (May 13):
ST Engineering: ST Engineering on Friday (May 13) reported revenue of S$2 billion for the first quarter ended March 2022, up 13 per cent year on year and returning to pre-Covid levels.
Its board has approved a Q1 interim dividend of S$0.04 per share which will be paid out on Jun 7, 2022.
In a business update, the defence and engineering group said its topline growth came as revenue in all business segments booked improvements over the quarter.
Genting: Integrated resort operator Genting Singapore reported a 17 per cent increase in its net profit after taxation to about S$40.4 million for the first quarter ended Mar 31, 2022, from S$34.5 million in the year-ago period.
This came as revenue grew 13 per cent on the year to S$314.5 million, from S$277.9 million previously, said the mainboard-listed company, which owns Resorts World Sentosa (RWS), in a quarterly business update on Thursday (May 12) evening.
Genting Singapore said it is “encouraged” by the gradual increase in footfall to RWS. However, it expects the pace of recovery in leisure travel to be moderated by the limited flight schedules, high airfares and ongoing travel restrictions on visitors from certain countries.
First Resources: Indonesia palm oil producer First Resources posted a net profit of US$73.6 million for its first quarter ended Mar 31, 2022, jumping by 738.5 per cent from the US$8.8 million it recorded a year earlier.
Sales increased 54.1 per cent to US$303.5 million, from US$196.9 million a year ago.
The growth was mainly driven by stronger average selling prices achieved in the quarter as compared to that in the same period in 2021, despite a decline in sales volumes, the company said on Friday (May 13).
OUE C-Reit: Net property income for OUE Commercial Reit (OUE C-Reit) fell 21.5 per cent to about S$48 million for the first quarter ended Mar 31, 2022, from S$61.1 million in the year-ago period.
This was mainly due to the deconsolidation of OUE Bayfront’s performance after the divestment of a 50 per cent stake in the property on Mar 31, 2021.
The drop in net property income was partly mitigated by lower rental rebates and lower property expenses, the real estate investment trust’s manager said in a quarterly business update on Thursday (May 12) evening.
SingPost: Singapore Post on Friday (May 13) posted a 188.1 per cent rise in net profit to S$48.1 million for the second half year ended Mar 31, 2022, from S$16.7 million in the year-ago period.
The results translate to an earnings per share (EPS) of S$0.0186 for H2 2022, against an EPS of S$0.0041 in H2 2021.
This comes as the group records a 34 per cent growth in revenue, led by contributions from its logistics segment which helped offset a decline in revenue from the post and parcel segment. Revenue for the second half stood at S$934.2 million, compared with S$696 million in the year-ago period.
精彩评论