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OUE to lend IHC up to S$50m for working capital needs

24 Feb 2017 - Business Times Breaking News
PROPERTY developer OUE, which has launched a takeover bid for International Healthway Corporation (IHC), has agreed to lend the nursing home owner up to S$50 million to finance its working capital requirements. It entered into a loan agreement with IHC on Friday, with an interest rate of 4 per cent per ...

CWT's full-year profit falls 31% to S$79m

24 Feb 2017 - Business Times Breaking News
MAINBOARD-LISTED logistics company CWT on Friday posted a 31 per cent drop in its full-year net profit, dragged down by a weak commodities business and lower naphtha trading volume. Net profit for the year ended Dec 31, 2016, stood at S$79 million, compared to S$113.9 million the year before. Earnings ...

Yoma forms JV with Germany's Metro Group to build food distribution platform

24 Feb 2017 - Business Times Breaking News
YOMA Strategic Holdings is forming a joint venture (JV) with Germany's Metro Group Wholesale and Food Specialist Company to build a one-stop food distribution platform in Myanmar. The JV, Metro Wholesale Myanmar Ltd, will offer more than 3,300 food and non-food items to hotel and restaurant operators, ...

QAF's FY2016 profit more than doubles to S$120.4m

24 Feb 2017 - Business Times Breaking News
SINGAPORE-LISTED Thai beverage and food company QAF on Friday posted a 129 per cent jump in its full-year net profit to S$120.4 million, due mainly to exceptional gains from the sale of its 20 per cent stake in Gardenia Bakeries as well as fair value gains recognised from its remaining 50 per cent. Revenue ...
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Venture Corp's Q4 profit rises 21.6%

24 Feb 2017 - Business Times Breaking News
VENTURE Corp on Friday reported a 20.6 per cent rise in fourth-quarter net profit to S$54.05 million, from S$44.82 million a year ago. Revenue for the three months ended Dec 31, 2016, rose 23.1 per cent to S$854.6 million, from S$694 million, which was attributed to new product and programme introduction ...

Tiong Seng: Posts 49.4% Jump In Net Profit To S$15.3 Million For FY2016 Driven By Both Construction & Property Development Businesses.

24 Feb 2017 - ShareInvestor Express
Revenue surged 37.3% to record S$774.3 million due to higher revenue recognition of construction contracts and property development projects. Higher operating cash flow strengthens balance sheet and improves gearing ratio to 0.55 (31 December 2015: 0.93). Creation of a new civil engineering business ...

Eindec: Delivers FY2016 Revenue Of S$16.68 Million.

24 Feb 2017 - ShareInvestor Express
Gross profit at S$6.65 million. Air purification segment posts strong growth. Building new team for air purification and environmental solution products...

NSL: Profit Before Tax Improved To S$17.5 Million.

24 Feb 2017 - ShareInvestor Express
Better performance was lifted by higher contributions from overseas operations in Precast & PBU division. Proposed dividend of $0.25 per share, comprising a final dividend of $0.05 per share and a special dividend of $0.20 per share...

Cosco Corp's parent to buy out its shipping businesses

24 Feb 2017 - Business Times Breaking News
CHINA Cosco Shipping Corp has offered to take over the equity interests its Singapore-listed subsidiary, Cosco Corporation (Singapore), holds in the parent group's shipyard businesses. The offer relates to Cosco Corp's equity interests in Cosco Shipyard Group Co, Cosco (Nantong) Shipyard Co and Cosco ...

Soo Kee: FY2016 Revenue Increased 26.9%, FY2016 Net Profit Of S$6.5 Million & Proposes Final Dividend Of S$0.005 Per Share.

24 Feb 2017 - ShareInvestor Express
FY2016 revenue increased 26.9% to S$176.8 million. FY2016 profit, net of tax attributable to equity holders of the Company fell 22.6% to S$6.5 million. Q4-2016 profit, net of tax attributable to equity holders of the Company increased 38.4% year-on-year to S$3.1 million. Eyes expansion into Thailand ...