earnings

In 4QFY2019, revenue for the group increased 16.6% to $22.10 million on the back of an increase in the number of patient visits. But rising competition and the COVID-19 outbreak is expected to present some challenges this year.

Thai Beverage (ThaiBev) has achieved a positive set of results for the first quarter ended Dec 31, 2019, following changes in accounting rules and a reshuffling of some its beverages.

“I think things will get worse before they get better," says Yang Ban Seng, ComfortDelGro's managing director and group CEO.

During the current quarter, profits were recognised for 8 St Thomas, Luxus Hills Phases 8 and 9, Nim Collection Phase 2, and Watercove.

As at Dec 31, 2019, the group’s outstanding value of construction projects in progress amounts to around $1.15 billion.

The group says the coronavirus outbreak will be a “consequential impact” on its short-term financial performance, but adds that the company is in a strong position to weather the disruption to its business. Year-to-date, the counter has tumbled some 10.3%

The healthy 4Q performance brought DBS’ FY2019 earnings and total income to record highs.

After a strong 4Q, Prime US REIT is eyeing a DPU and NAV per unit accretive acquisition in Sacramento.

3QFY2020 revenue rose 2.9% to $91.6 million, on the back of higher residential revenue.

3Q revenue dipped 2.0% to $355.9 million, despite the group’s international post and parcel business hitting a record-high quarterly revenue of $148 million.