1Q business update

AEM reports 63.1% lower net profit in 1Q21 of $13.3 mil following 'exceptional' 2020 - THE EDGE SINGAPORE

Results

AEM reports 63.1% lower net profit in 1Q21 of $13.3 mil following 'exceptional' 2020

As at March 31, AEM saw total assets increasing to $440.1 million from $335.5 million largely due to the CEI acquisition.
World Precision Machinery reverses losses, reports earnings of RMB53.9 mil in 1Q update - THE EDGE SINGAPORE

Results

World Precision Machinery reverses losses, reports earnings of RMB53.9 mil in 1Q update

Revenue for the quarter surged 97.7% y-o-y to RMB290.8 million due to higher sales.
Venture Corporation sees 8.3% higher net profit of $65.3 mil due to shortages in global parts and components - THE EDGE SINGAPORE

Results

Venture Corporation sees 8.3% higher net profit of $65.3 mil in 1Q21 due to shortages in global parts and components

The group says it expects q-o-q improvement in the 2QFY2021, and a stronger 1HFY2021 performance compared to the year before.
DBS posts record quarterly net profit of $2.01 bil in 1Q21; maintains dividend of 18 cents per share - THE EDGE SINGAPORE

Results

DBS posts record quarterly net profit of $2.01 bil in 1Q21; maintains dividend of 18 cents per share

It has been “an extraordinary quarter… as we fired on all cylinders,” says DBS CEO Piyush Gupta.

Results

Japfa posts 37% higher earnings of US$48.5 mil for 1Q21

The higher earnings were due to growth across all segments.
Yangzijiang sees 89% surge in 1Q21 earnings of RMB761.7 mil - THE EDGE SINGAPORE

Results

Yangzijiang sees 89% surge in 1Q21 earnings of RMB761.7 mil

The group, as at April 29, has an outstanding orderbook of US$6.6 billion for 146 vessels, its highest level since 2009.
China Sunsine Chemical Holdings sees 'overall improvement' in 1Q21; expects 'relatively weaker demand' in months ahead - THE EDGE SINGAPORE

Results

China Sunsine Chemical Holdings sees 'overall improvement' in 1Q21; expects 'relatively weaker demand' in months ahead

The group recorded sales revenue of RMB840 million ($171.7 million), 66% higher y-o-y.
Wilmar International's net profit doubles to US$450.2 mil, highest for 1Q - THE EDGE SINGAPORE

Results

Wilmar International's net profit doubles to US$450.2 mil, highest for 1Q

The group says it is "cautiously optimistic" that it will perform satisfactorily for the rest of the year.

Results

ISDN opens 8.7% higher after 95.4% surge in 1Q21 earnings

According to the group, it remains well-positioned to benefit from the shifts post-Covid.

Results

Sheng Siong Group posts 7.5% higher earnings of $30.8 mil in 1Q21 on higher revenue, gross profit

The group says it is expecting to record lower revenue in the 2QFY2021 compared to the 2QFY2020’s record revenue of $418.7 million
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