SUBSCRIBERS
Exceptional gains buoy Sinarmas Land's Q3 profit
Published Thu, Nov 12, 2015 · 09:50 PM
Singapore
SINARMAS Land reported a 6.2 per cent rise in net profit attributable to shareholders for the third quarter ended Sept 30 to S$46.7 million as it recorded an exceptional gain from negative goodwill.
The negative goodwill of S$30.6 million during the quarter arose from the acquisition of a subsidiary in Indonesia PT Permata Kirana Lestari. This acquisition was announced on Thursday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly