FY17 results

Results

Huationg sees near-doubling of FY17 earnings to $7.9 mil on higher revenue

SINGAPORE (Mar 2): Huationg Global recorded full-year earnings of $7.9 million for the FY17 ended December, surging 94% from $4.1 million a year ago.

Results

Sincap swings back to profitability in FY17 on higher revenue, one-off gain on disposal

SINGAPORE (Mar 1): Sincap Group reported earnings of RMB 41.1 million ($8.6 million) for the FY17 ended December, compared to losses of RMB 6.8 million a year ago.

Results

Japfa posts 81% drop in FY17 earnings to $30 mil on higher costs

SINGAPORE (Mar 1): Japfa reported a 81% drop in FY17 earnings to US$22.6 million ($29.9 million) from US$118.8 million in FY16.

Results

Hotel Grand Central's FY17 earnings fall 27% to $38.6 mil on absence of one-off gain on disposal

SINGAPORE (Mar 1): Hotel Grand Central saw its earnings fall 27% to $38.6 million for the FY17 ended December, from $52.9 million a year ago.

Results

Yanlord Land posts 23% drop in 4Q earnings to $248.9 mil on lower contribution from JV and associates

SINGAPORE (Mar 1): Yanlord Land Group announced fourth quarter earnings dropped 23% to RMB 1.19 billion ($248.9 million) in 4Q17 from RMB 1.55 billion in 4Q16.

Results

Jardine C&C posts 16% rise in FY17 earnings to US$811.2 mil

SINGAPORE (Mar 1): Jardine Cycle & Carriage saw its earnings grow 16% to US$811.2 million ($1.1 billion) for the FY17 ended December on the back of improved performance from Astra, compared to earnings of US$701.7 million a year ago.

Commodities

Geo Energy posts 77% drop in 4Q earnings to $4.6 mil on interest expenses

SINGAPORE (Mar 1): Geo Energy Resources reported a 77% decline in 4Q17 earnings to US$3.44 million ($4.55 million) in 4Q17 from US$14.7 million in 4Q16.

Broker's Calls

Jadason downgraded by RHB on shortage of workers and parts

SINGAPORE (Mar 1): RHB is downgrading its recommendation on Jadason Enterprises to “neutral” from “buy” previously with a target price of 8 cents.

Broker's Calls

4 out of 4 research houses have Venture at 'buy' on an even brighter outlook

SINGAPORE (Mar 1): Venture Corporation posted recorded FY17 earnings yesterday of $372.8 million, double that of $180.7 million in FY16.
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