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NEPTUNE Orient Lines (NOL): A trading suspension has been called on the shipping line after its free float fell below 10 per cent.
France's CMA CGM has closed its offer for NOL, where it offered S$1.30 per share for the shares that it does not already own in NOL. As at 5.30pm on July 18, CMA CGM owned 97.83 per cent in NOL. The French shipping line had previously indicated that it plans to delist NOL from Singapore Exchange.
Keppel DC Reit: The Reit on Monday evening reported a 3.1 per cent rise in distribution per unit (DPU) for the second quarter ended June 30 to 1.67 Singapore cents, on the back of lower property expenses.
Lower gross revenue in the second quarter, which fell 4.5 per cent from a year ago to S$24.87 million, was mitigated by a 32.7 per cent slide in property expenses to S$2.76 million.
The Reit declared a total DPU of 3.34 Singapore cents for the first half ended June 30, which marks a 3.4 per cent increase from a year ago. Distributable income for the first half was S$29.5 million, 3.6 per cent higher than the year-ago period, and one per cent above its forecast.
Keppel Infrastructure Trust: The trust on Monday posted a second-quarter distribution per unit (DPU) of 0.93 Singapore cents, on par with what it paid out a year ago. For the three months ended June 30, revenue fell 10.2 per cent to S$137.4 million, due to lower contributions from its various segments.
Insurance compensation recognised from Basslink's cable fault helped to boost net profit to unitholders, which grew four-fold to S$16.6 million from S$4.1 million a year ago. Lower expenses (a 9.4 per cent drop to S$144 million) also helped bolster earnings.
Trek 2000 International: Hit by a sharp rise in the cost of goods sold, the company on Tuesday reported a net loss of US$6.72 million for FY2015 compared to a net profit of US$1.15 million a year ago.
Revenue rose 34.5 per cent year on year to US$149.14 million, driven by higher revenue from its main interactive consumer solutions business.
Loss per share worked out to 2.18 US cents, versus earnings per share of 0.39 US cent a year ago.
For the year under review, cost of goods sold surged nearly 47 per cent to US$145.16 million, which caused gross profit to slump 66.5 per cent to US$3.98 million.