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SATS reported 3Q earnings of $60.6 million, up from $53.7 million a year ago, due to lower expenditure. Revenue, however, fell to $441 million from $450.7 million. Revenue from its food solutions business fell 7.1% to $251 million as a result of the transfer of its food distribution business to joint venture company SATS BRF Food in June last year and the weakening of the Japanese yen.
Transport operator ComfortDelGro's earnings rose 6.5% to $301.9 million in FY2015, in tandem with revenue growth in its transport businesses. Revenue grew by 1.5% to $4.1 billion, though this was partly offset by a negative foreign currency translation effect of $23 million. The company attributed the better topline to improved performances in the bus, taxi, rail, and car rental and leasing businesses. Rail and car rental recorded the greatest growth, while sales weakened in the automotive engineering services, inspection and testing services business, driving centre and bus station businesses.
Cord blood bank operator Cordlife Group swung to a 2Q profit of $9.6 million, as financial gains offset a decline in operating earnings. A year ago, it notched up a net loss of $3 million. Revenue rose 2% to $14.5 million during the quarter, even as operating profit before tax fell 33.8% to $706,000.
Construction and property development firm OKH Global sank to a 2Q loss of $2.15 million after chalking up earnings of $34.8 million a year ago. The company says this was due to the absence of income from property development as none of its projects were completed over the period. Revenue plunged 98.6% to $3.3 million from $230.2 million.
Crane operator Tat Hong Holdings posted a 3Q net loss of $6.7 million, owing to soft demand in Southeast Asia and Australia. A year earlier, it posted earnings of $4.5 million. Revenue fell 19% to $124.8 million. Crane rental revenue fell 23% to $46.5 million due to the completion of projects in Australia, Malaysia and Thailand.
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SATS reported 3Q earnings of $60.6 million, up from $53.7 million a year ago, due to lower expenditure. Revenue, however, fell to $441 million from $450.7 million. Revenue from its food solutions business fell 7.1% to $251 million as a result of the transfer of its food distribution business to joint venture company SATS BRF Food in June last year and the weakening of the Japanese yen.
Transport operator ComfortDelGro's earnings rose 6.5% to $301.9 million in FY2015, in tandem with revenue growth in its transport businesses. Revenue grew by 1.5% to $4.1 billion, though this was partly offset by a negative foreign currency translation effect of $23 million. The company attributed the better topline to improved performances in the bus, taxi, rail, and car rental and leasing businesses. Rail and car rental recorded the greatest growth, while sales weakened in the automotive engineering services, inspection and testing services business, driving centre and bus station businesses.
Cord blood bank operator Cordlife Group swung to a 2Q profit of $9.6 million, as financial gains offset a decline in operating earnings. A year ago, it notched up a net loss of $3 million. Revenue rose 2% to $14.5 million during the quarter, even as operating profit before tax fell 33.8% to $706,000.
Construction and property development firm OKH Global sank to a 2Q loss of $2.15 million after chalking up earnings of $34.8 million a year ago. The company says this was due to the absence of income from property development as none of its projects were completed over the period. Revenue plunged 98.6% to $3.3 million from $230.2 million.
Crane operator Tat Hong Holdings posted a 3Q net loss of $6.7 million, owing to soft demand in Southeast Asia and Australia. A year earlier, it posted earnings of $4.5 million. Revenue fell 19% to $124.8 million. Crane rental revenue fell 23% to $46.5 million due to the completion of projects in Australia, Malaysia and Thailand.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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