You are here

Stocks to watch: Great Eastern, Parkway Life Reit, SIA Engineering, Aztech, Sincap

34112.jpg
Great Eastern Holdings on Tuesday morning said that its net profit for the second quarter rose 14 per cent from a year ago to S$277.77 million.

THE following stocks made announcements after market close on Monday which could affect their trading on Tuesday:

Great Eastern Holdings on Tuesday morning said that its net profit for the second quarter rose 14 per cent from a year ago to S$277.77 million. This was mainly due to a S$119.9 million (post-tax) gain from the sale of part of its investment in New China Life.

The board of directors has declared an interim tax exempt (one-tier) dividend of 10 cents per ordinary share for the financial year ending Dec 31, 2015, to be paid on Sept 2, 2015.

Parkway Life Reit announced a distribution per unit (DPU) of 3.35 Singapore cents for the second quarter, up 15.6 per cent from a year ago.

sentifi.com

Market voices on:

The healthcare Reit saw gross revenue grow 1.2 per cent to S$25.65 million for the three months ended June 30, as full quarter rental contribution from seven new properties helped to offset the loss in income from seven assets that had been divested. Net property income rose 1.5 per cent to S$24 million.

SIA Engineering on Monday evening said it made a net profit of S$41.3 million for the first quarter, down 22.8 per cent from the corresponding quarter a year ago which included a S$5.8 million restructuring gain.

Net profit would have fallen 13.4 per cent without this gain last year, said SIAEC. Revenue was 5.7 per cent lower at S$277.3 million, primarily due to lower airframe component and overhaul revenue.

Electronics and LED lighting product manufacturer Aztech Group saw a near-45 per cent slide in net profit to S$1 million in the second quarter ended June 30, 2015, due to lower gross margin contribution from its marine and material supply segment.

Revenue was 3.7 per cent lower year on year at S$83.98 million, while earnings per share clocked 2.06 Singapore cents, down from 3.72 Singapore cents.

Chinese mining and commodity trading firm Sincap Group said on Tuesday morning that a former employee of its subsidiary, Shandong Luneng Taishan Mining Co, has been arrested in China for alleged misappropriation of one million yuan (S$220,000) from the company.

The fraud is said to have been committed in May 2009. Investigations by the police are now under way, and the company will provide shareholders with more information once it receives further updates, it added.

Powered by GET.comGetCom