1Q18

SINGAPORE (May 9): Trek 2000 reported earnings of US$0.5 million ($0.67 million) for the 1Q ended March, down more than half from its 1Q17 earnings of US$1.2 million due to a fourfold decline in revenue.

SINGAPORE (May 8): Mun Siong Engineering reported a loss of $0.5 million for 1Q18 compared to $0.1 million in earnings a year ago, due to a significant decline in quarterly revenue and compressed profit margins.

SINGAPORE (May 8): QAF, the manufacturer of Gardenia sliced bread, reported earnings of $3 million for the 1Q18 ended March, down 79% from earnings of $14 million in 1Q17 on lower revenue and higher costs and expenses.

SINGAPORE (May 8): Bumitama Agri (BAL) reported a 16.8% decline in 1Q earnings to IDR231.8 billion ($21.7 million) from IDR278.4 billion on lower revenue and compressed margins.

SINGAPORE (May 8): Japanese restaurant operator RE&S Group saw its 3Q18 earnings halve to $0.9 million from $1.9 million a year ago on higher expenses and after taking into account one-off IPO expenses of $1.1 million.

SINGAPORE (May 8): SK Jewellery Group, the jewellery retailer formerly known as Soo Kee Group, reported a 26.3% rise in 1Q earnings to $1.8 million from $1.4 million a year ago on higher revenue.

SINGAPORE (May 7): United Global, the Singapore-based lubricant manufacturer and trader, posted a 32.9% rise in 1Q18 earnings to US$2.2 million ($2.9 million) from US$1.7 million a year ago on higher revenue due to a surge in contributions from its manufa

SINGAPORE (May 7): Steel trader and property developer LTC Corporation reported a 3Q18 loss of $0.15 million compared to $1.9 million in earnings a year ago on lower margins.

SINGAPORE (May 3): StarHub reported a 14.9% decline in 1Q18 earnings to $61.5 million from $72.3 million a year ago on lower sales.

SINGAPORE (May 2): RHB is maintaining its “buy” call on Moya Holdings Asia with an unchanged target price of 15 cents after the group reported a “sterling” and “superb” 1Q18 set of results, in the research house’s view.