Posts Tagged ‘Segments’
Clas stays upbeat on US student housing despite 15% drop in segment’s H2 gross profit
Chief executive of Clas’ managers Serena Teo says they will take ‘drastic measures’ to boost occupancy and leasing rates in the next academic year [SINGAPORE] The managers of CapitaLand Ascott Trust (Clas) said they remain optimistic on the US student housing market even as gross profit from the segment fell 15 per cent year on…
Read MoreWilmar H1 profit rises 2.6% on improved plantation, sugar milling and food product segments
[SINGAPORE] Agribusiness Wilmar International on Tuesday (Aug 12) reported a net profit of US$594.9 million for the first half ended Jun 30, up 2.6 per cent from US$579.6 million in the year-ago period. This was attributed to stronger performances in its plantation and sugar milling, which rose on the back of higher palm oil prices…
Read More‘Let’s bank’: How MariBank plans to win over Singapore’s retail and SME segments
[SINGAPORE] When Natalia Goh joined Sea’s digital bank MariBank, the first question she often got was: how do you pronounce it? “Mari”, inspired by the first word in the Singapore national anthem, means “come” or “let’s”. “The thinking behind MariBank is actually let’s bank… a very welcoming message about how we make banking very accessible…
Read MoreWilmar reports higher earnings for Q1 2025 on better performance from business segments and associates
[Singapore] Wilmar reported a 13.5 per cent increase in earnings for Q1 2025 to US$343.9 million from US$302.9 million in Q1 2024 in a bourse filing on Tuesday (Apr 29). Revenue for Q1 2025 grew 3.3 per cent to US$16.2 billion from US$15.7 billion in Q1 2024. The growth in earnings was driven by better…
Read MoreWilmar reports higher earnings for Q1 2025 on better performance from business segments, associates
[Singapore] Wilmar reported a 13.5 per cent increase in earnings for Q1 2025 to US$343.9 million from US$302.9 million in Q1 2024 in a bourse filing on Tuesday (Apr 29). Revenue for Q1 2025 grew 3.3 per cent to US$16.2 billion from US$15.7 billion in the previous corresponding period. The growth in earnings was driven…
Read MoreNanofilm’s Q1 revenue rises 12% to S$44 million, fuelled by consumer business segments
[SINGAPORE] Nanofilm Technologies said a strong performance by its consumer business segments helped to push its revenue up 12 per cent year on year to S$44 million in the first quarter ended Mar 31. While the group’s gross profit margin exceeded 27 per cent, it was down from 33 per cent in Q1 of 2024.…
Read MoreCDL H2 net profit drops 54.7% to S$113.5 million on property development segment’s lower contributions
PROPERTY player City Developments Ltd (CDL) posted a profit of S$113.5 million for its second half ended Dec 31, down 54.7 per cent from S$250.8 million in the previous corresponding period. This translates to a basic earnings per share (EPS) of S$0.121 against an EPS of S$0.27 in the year-ago period. H2 revenue fell 23.6…
Read MoreSGX’s H1 net profit rises 20.7% to S$340 million following high growth in all revenue segments
THE Singapore Exchange (SGX) on Thursday (Feb 6) posted a net profit of S$340 million for the first half ended December, up 20.7 per cent from S$281.6 million in the previous corresponding period. Earnings before interest, taxes, depreciation and amortisation (Ebitda) for H1 grew 23.4 per cent on the year to S$425.3 million. Earnings per…
Read MoreStarHub faces pressure from consumer segments, could benefit from consolidation: analysts
STARHUB : CC3 0% posted a decent first-quarter net profit increase, but analysts have flagged that the company’s consumer business continues to face intense pressure, especially in the area of data roaming. The telco’s net profit grew 8.1 per cent to S$40.1 million for the quarter ended Mar 31, 2024, while revenue dipped 0.1 per…
Read MoreSembcorp H2 profit rises 15% to S$412 million on growth in gas, renewables segments
SEMBCORP Industries has posted a 15 per cent year-on-year rise in net profit to S$412 million for the second half year ended Dec 31, 2023. This was mainly due to higher contributions from the gas and related services, as well as renewables segments, the energy group said on Tuesday (Feb 20). Earnings per share stood…
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