3Q16

SINGAPORE (Nov 10): UOL posted a 14% drop in 3Q16 earnings to $87.1 million on lower gross profit margin and lower contributions from joint ventures.

SINGAPORE (Nov 10): Declout reported a $3.3 million loss for 3Q16 driven mainly by Procurri’s listing expenses of $2.2 million. Excluding the one-time Procurri expenses, 3Q16 losses would be at $1.1 million due to operating losses from subsidiaries. 

SINGAPORE (Nov 10): Spackman Entertainment swung into the black with 3Q16 earnings of US$1.5 million ($2.1 million) on higher sales and other income. It had made a loss of US$1 million a year ago.

SINGAPORE (Nov 10): SBS Transit reported a 43.2% increase in 3Q16 earnings to $7.8 million from $5.5 million in 3Q15.

SINGAPORE (Nov 10): Ho Bee Land reported a 31.8% increase in 3Q16 earnings to $26.7 million from a year ago.

SINGAPORE (Nov 10): UOB Kay Hian is downgrading Nera Telecommunications to “sell” with at target price of 58 cents after the group reported a loss in 3Q on falling margins and one-off forex losses.

SINGAPORE (Nov 10): Ezion Holdings posted a 69.1% decline in 3Q earnings to US$9.4 million ($13.2 million), about a third of the US$30.4 million reported in the same quarter a year ago on lower revenue.

SINGAPORE (Nov 9): CSE Global posted a 52.7% drop in earnings for 3Q16 to $4 million from a year ago on the back of lower revenue.

SINGAPORE (Nov 9): Design Studio, the furniture manufacturer and fit-out specialist, saw 3Q earnings double to $5 million on the back of higher revenue and increased margins.

SINGAPORE (Nov 8): OKP Holdings, the infrastructure and civil engineering company, has posted $2 million of earnings for 3Q16, double the $1 million of net profit recorded in the previous year.