THE following companies saw new developments that may affect trading of their securities on Monday (Jul 29):
Keppel Infrastructure Trust (KIT): The trust reversed into the red with a loss of S$23.9 million in the first half of 2024, from a profit of S$39.4 million in H1 2023. The business trust’s manager reported on Friday that revenue for the same time period fell 5.8 per cent to S$1 billion from S$1.1 billion a year prior. The fall was mainly driven by lower revenue from Ixom, the Australian business supplying chemicals, as well as distribution income from Aramco Gas Pipelines Company. Units of KIT closed up 1.1 per cent or S$0.005 to S$0.475 on Friday before the release of its results.
SIA Engineering Company (SIAEC): The aircraft maintenance provider reported a net profit of S$33.2 million for the first quarter ended Jun 30 of its 2024/25 financial year. This was up 23 per cent from S$27 million in the corresponding year-ago period. Demand for maintenance, repair and overhaul services remained healthy in the three months, SIAEC said on Friday. The counter closed at S$2.29, down S$0.02 or 0.9 per cent, before the announcement.
