CCT Acquires Office Building for S$430 million CapitaCommercial Trust (CCT) announced Wednesday it has agreed to buy an office building on the outskirts of Singapore’s Central Business District for S$430.0 million. The acquisition will be funded with existing cash and bank facilities, without the need to raise equity, CCT said in a statement. The purchase ...
ListCosMegachem’s 2011 Net Profit Rises 5 Per cent Megachem Limited reported Tuesday that its net profit for the year ending 31 December 2011 rose 5 per cent year-on-year to S$4.86 million from S$4.63 million. Turnover for the period increased 12.5 per cent to S$106.86 million from 2010’s S$94.98 million. The Southeast Asian region remains the ...
ListCosPSL Holdings to Establish Indonesian Heavy Equipment JV with JPN PSL Holdings Limited Monday announced that on February 19, it entered into a non-binding Memorandum of Understanding (MOU) with JPN Industrial Trading Pte Ltd. JPN is an established company specialising in the sale, rental and services of new and used construction machinery and equipment. Under ...
ListCosAnchun International Warns of Lower Earnings in 2011 Anchun International Holdings Limited Friday announced that it expects to report significantly lower earnings for full year 2011 as the group booked a provision for doubtful debts. The credit tightening measures by the Chinese government, together with the slowdown of the economy, have resulted in a slowdown ...
ListCosRoxy-Pacific’s 2011 Net Profit Up 16 Per cent to S$49.7 million Roxy-Pacific Holdings Limited, a specialty property and hospitality group, Thursday reported a 16-per cent surge in net profit to S$49.7 million for the full year ending 31 December 2011. This was achieved despite a 15-per cent drop in revenue from S$216.9 million in 2010 ...
ListCosEzion Clinches US$80.3-million Charter Contract Ezion Holdings Limited Wednesday announced that it has secured a charter contract worth up to US$80.3 million (S$101.4 million) to provide a second North Sea Class service rig to be used by a European oil major to support its oil & gas activities in offshore Denmark. The service rig is ...
ListCosCapitaLand’s 4Q2011 Net Profit Falls 20 Per cent Property developer CapitaLand Limited Tuesday posted a 20-per cent fall in fourth-quarter net profit due to lower earnings from developments and smaller portfolio gains. CapitaLand earned S$476.6 million for the three months ending 31 December 2011, down from a restated S$596 million a year ago. Excluding revaluations ...
ListCosSingTel’s 3QFY2012 Net Profit Falls 9.6 Per cent Singapore Telecommunications Limited on Monday posted a 9.6-per cent decline in 3QFY2012 net profit as weak results from Indian affiliate Bharti Airtel Ltd and gains in the Singapore dollar versus regional currencies hurt earnings. SingTel earned a net profit of S$902.0 million for the quarter ending 31 ...
ListCosCapitaMalls Asia’s 2011 Net Profit Up 8.1 Per cent CapitaMalls Asia Limited Friday announced that it posted profit after tax and minority interests (PATMI) of S$456.0 million for the year ending 31 December 2011, up 8.1 per cent from S$421.9 million in 2010. Earnings before interest and tax (EBIT) were S$601.9 million in 2011, up ...
ListCosOlam Acquires Candy and Biscuits Franchise in Nigeria for US$167 million Olam International Limited Thursday announced that it has acquired a Nigerian candy and biscuits franchise through the acquisition of Titanium Holding Company and its subsidiaries for US$167.0 million (S$207.8 million). “This acquisition presents a unique opportunity for our packaged foods business to scale up ...
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