Philip Chua Business Blog

Posts Tagged ‘net profit’

(SINGAPORE) After a sluggish start, listed companies in Singapore made up for lost time in the second quarter, with their bottom lines jumpstarted by the recovering economy. As of last Friday, the 105 companies that had released their financial results for Q2 ended June reported a 47.1 per cent year-on-year increase in combined net profit to $3.676 billion. And of the 105, an overwhelming majority... more

OCBC Bank's net profit rose 8 per cent to $503 million in the second quarter compared to a year ago, missing analysts' estimates, as the group struggled to boost its lending income amid low interest rates, while investment income halved due to turbulent financial markets. But OCBC raised its dividend for the first six months of the year to 15 cents per share, from 14 cents previously - the first t... more

ST Engineering
Nov 5 close: S$2.97
DBS GROUP RESEARCH, Nov 4

THIRD quarter 2009 revenue of S$1.35 billion (down 2 per cent year-on-year, 4 per cent quarter-on-quarter) and net profit of S$120 million (down 7 per cent y-o-y, up 11 per cent q-o-q) were in line, and nine-months 2009 net profit of S$314 million equates to 74 per cent of our full year projections.
Q3 2009 pre-tax profit of S$149 … more

IT’S earnings season and most of the focus rightly is on the financial numbers reported by companies.
So far, the figures haven’t been bad. At the end of last week, the combined net profit of $693.4 million for the 21 Singapore Exchange-listed companies that have filed results for Q3 2009 was a 24.6 per cent increase over the same period last year. Of the 21 companies, 13 reported higher profits … more

OCBC Bank led the way on Monday and now United Overseas Bank (UOB) has trumped the tipsters by posting better-than-expected numbers, with an upbeat forecast added for good measure.

UOB yesterday reported net profit of $470 million for the second quarter – 22 per cent down on a year ago but better than analyst expectations of $441 million, according to Reuters.

OCBC Bank had earlier surprised t… more

THE rush back to the markets by investors has allowed the Singapore Exchange (SGX) to finally turn the corner on its falling profitability.

Net profit for the fourth quarter ended June 30 inched up 0.9 per cent to $91.17 million from the same period last year.

Although only a tiny rise, it is still a stunning 64.8 per cent jump over the earnings of $55.3 million for the third quarter ended Mar… more