SGX:LG2U, SGX:BN4, SGX:M22, SGX:N03, SGX:TS0U, SGX:S51, SGX:S53, SGX:U06
Forterra Trust saw a 54.4 percent decline in NPI to $5.3 million for the third quarter ended 30 September led by a broad based reduction of rental contributions across all of its investment properties. Consequently, losses expanded further as net loss came in at $19.7 million. For the nine months, NPI dropped 45.5 percent to $22.1 million as the trust sank into losses of $168.3 million.
Keppel Corporation secured a contract worth US$240 million for a Keppel FELS Super B Class jackup rig. The vessel which boosts better performance and productivity which is capable of operating at water depths of 400 feet, is expected to be complete by end-2016.
LottVision saw a 84.7 percent gain in turnover to HK$38 million for the third quarter ended 30 September, driven mainly by the higher contribution from its subsidiary, NutryFarm (Chengdu) Biomedicine, via customer development as well as increased advertising and marketing efforts across major media channels in China. Consequently, net profit sprang North by 36.7 percent to HK$3.3 million. For the nine months, turnover soared 64.3 percent to HK$59.5 million while net profit edged down 1.3 percent to HK$3.4 million as a result of a multi-fold gain in distribution expenses.
Neptune Orient Lines’ revenue remained flat at US$2.1 billion for the third quarter ended 19 September. Further as a result of higher operating expenses, in particular to finance and other related operating expenses, the company sank into losses and posted a net loss of US$23.1 million. For the nine months, revenue dipped 1.7 percent to US$6.4 billion while the company registered a net loss of US$174.8 million.
OUE Commercial Real Estate Investment Trust posted a net property income (NPI) of $14.9 million that was 6.3 percent above forecast for the third quarter ended 30 September, mainly attributable to better than expected occupancy rates and rental reversions. Subsequently, amount available for distribution came in at $12.2 million, 3.2 percent above forecast. The trust has a distribution per unit of $0.014.
Sembcorp Marine secured a contract worth US$240 million to build a new jack-up drilling rig. The new rig is capable of operating in water depths of 400 feet and drilling higher pressure and temperature wells to water depths of 35,000 feet. The newest order is expected to be complete and delivered in October 2016.
SMRT Corporation saw a 6 percent to $314 million for the second quarter ended 30 September, driven by growth across all business segments with its non-fare segment registering a 9.9 percent rise. Consequently, net profit soared 75.5 percent to $25.3 million. For the six-month period, revenue increased 5.2 percent to $611.1 million and earnings surged 54.9 percent to $47.6 million. The company has declared an interim dividend per share of $0.015.
United Industrial Corporation saw a 17.1 percent gain in revenue to $178.4 million, led by higher trading property sales and higher contribution from its hotel operations. Subsequently, earnings accelerated 37.5 percent to $59.7 million. For the nine months, revenue grew 8.8 percent to $494.2 million while earnings rose 25.8 percent to $274.9 million. - Shares Investment
