financial statement

SINGAPORE (Aug 4): Challenger Technologies, the IT products and services provider, announced earnings of $3.84 million for 2Q17 ended June, 2% higher than  $3.76 million it posted in the same period a year ago.

SINGAPORE (Aug 4): Manufacturing Integration Technology (MIT) returned to profitability in 1H17 ended June with net profit after tax (NPAT) of $2.8 million from a loss of $0.8 million in 1H16.

SINGAPORE (Aug 4): Electronics services provider Venture Corporation reported earnings of $69.8 million for the 2Q17 ended June, 61% higher from a year ago on higher revenue.

SINGAPORE (Aug 4): OCBC Research is maintaining its “hold” rating on DBS with a higher fair value estimate of $22.50 after the bank this morning announced net 2Q earnings which came in slightly below market expectations, based on Bloomberg data.

SINGAPORE (Aug 4): RHB is maintaining its “neutral” rating on Sembcorp Industries with an unchanged $3.20 price target after the group on Thursday posted a 36% decline in 2Q earnings to $55.3 million.

SINGAPORE (Aug 4): Singapore Post (SingPost) posted 1Q earnings of $31 million, down 13.6% from $35.9 million a year ago on higher expenses and loss from associated companies and joint ventures.

SINGAPORE (Aug 3): Property group OUE has announced earnings of $7.1 million for the 2Q17 ended June, down 72.6% from $25.7 million in 2Q16 mainly due to a lower reversal of impairment losses on OUE Twin Peaks

SINGAPORE (Aug 3): Hafary Holdings posted earnings of $2.7 million for the 2Q ended June, up 5.5% from the $2.5 million it recorded a year ago, on the back of higher revenue.

SINGAPORE (Aug 3): Civil engineering group Hock Lian Seng earnings for 1H17 ended June declined to $2.5 million compared to $12.5 million in 1H16 on the absence of joint venture profits in the previous year.