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Olam International posted a 20.1% rise in its operational PATMI (excluding exceptional items) to $346.2 million for FY2015. For the 12 months to December, it made a PATMI loss of $64.3 million due to a net exceptional loss of $397 million against a net exceptional gain of $302.9 million in 12M 2014. Revenue for the period decreased 3.6% to $19.052 billion. The results include an impact of $192.6 million due to a change in the basis of presentation of the equity investment in PureCircle from other comprehensive income to the profit and loss statement.
UOL Group’s earnings tumbled 43% to $391.4 million in the financial year ended Dec 31, 2015, from $685.9 million a year ago. The weaker bottom line was due mainly to lower fair-value gains from the group’s investment properties and the absence of a large one-time profit made from the sale of Jalan Conlay land in Malaysia in 2014. Revenue fell 6% to $1.28 billion from $1.36 billion previously.
Logistics company Cogent’s 4Q earnings fell 33% to $7.3 million from the year before. Revenue increased 9% to $33.3 million, buoyed by its warehousing logistics management services at its new logistics hub, Cogent1.Logistics Hub. Container depot services and automotive logistics management services continued to see demand for the period.
Hotel Properties reported FY2015 earnings of $81.7 million, down 34.3% from $124.4 million the year before. Revenue fell 5.7% to $579.5 million, hit by lower contributions from its properties division without sales from Tomlinson Heights condominium, which was completed in March 2014. The group also sold fewer units in The Met, Bangkok.
Vard Holdings posted losses of NOK603 million in FY15 compared to profit of NOK 349 million in FY14. Group revenue came in at NOK 11.14 billion, down 14% y-o-y, with the decrease due mainly to reduced activity at some of the group’s European shipyards, as a result of the shortfall in new orders.
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Olam International posted a 20.1% rise in its operational PATMI (excluding exceptional items) to $346.2 million for FY2015. For the 12 months to December, it made a PATMI loss of $64.3 million due to a net exceptional loss of $397 million against a net exceptional gain of $302.9 million in 12M 2014. Revenue for the period decreased 3.6% to $19.052 billion. The results include an impact of $192.6 million due to a change in the basis of presentation of the equity investment in PureCircle from other comprehensive income to the profit and loss statement.
UOL Group’s earnings tumbled 43% to $391.4 million in the financial year ended Dec 31, 2015, from $685.9 million a year ago. The weaker bottom line was due mainly to lower fair-value gains from the group’s investment properties and the absence of a large one-time profit made from the sale of Jalan Conlay land in Malaysia in 2014. Revenue fell 6% to $1.28 billion from $1.36 billion previously.
Logistics company Cogent’s 4Q earnings fell 33% to $7.3 million from the year before. Revenue increased 9% to $33.3 million, buoyed by its warehousing logistics management services at its new logistics hub, Cogent1.Logistics Hub. Container depot services and automotive logistics management services continued to see demand for the period.
Hotel Properties reported FY2015 earnings of $81.7 million, down 34.3% from $124.4 million the year before. Revenue fell 5.7% to $579.5 million, hit by lower contributions from its properties division without sales from Tomlinson Heights condominium, which was completed in March 2014. The group also sold fewer units in The Met, Bangkok.
Vard Holdings posted losses of NOK603 million in FY15 compared to profit of NOK 349 million in FY14. Group revenue came in at NOK 11.14 billion, down 14% y-o-y, with the decrease due mainly to reduced activity at some of the group’s European shipyards, as a result of the shortfall in new orders.
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