SINGAPORE Telecommunications (Singtel) on Thursday announced that net profit for the fourth quarter ended March 31, 2015, held steady at S$939 million, rising 4.5 per cent from the S$898 million recorded in the corresponding period last year, due to growth in customers and data services at its regional mobile associates.
Revenue for the quarter was up 5.1 per cent at S$4.34 billion, versus S$4.13 billion in the year-ago period.
Global Logistic Properties (GLP) reported on Thursday that net profit for the fourth quarter ended March 31, 2015, plunged 34.5 per cent to US$104.86 million, compared to US$159.98 million in the corresponding period last year, mainly due to higher non-controlling interests' share of profits following the completion of investment by the consortium of investors to own a 33.8 per cent stake in GLP China, Ebit (lower earnings before interest and tax), and higher income-tax expense recorded during the year ended March 2015.
Revenue for the quarter inched up 6.2 per cent to US$166.76 million from US$156.97 million in the year-ago period, mainly attributable to the completion and stabilisation of development projects in China with increasing rents, and the inclusion of one month's management fee revenue from GLP US Income Partners I.
Food solutions provider SATS reported on Thursday that its net profit for the fourth quarter ended March 31, 2015, rose 21.1 per cent to S$51.6 million, compared to S$42.6 million in the year-ago period.
Revenue for the quarter fell to S$425.1 million from S$434.6 million. Revenue from Food Solutions dropped by S$15.4 million or 5.8 per cent to S$250.9 million, largely due to the weaker result from its Japan subsidiary, TFK Corporation, and the divestment of an Australian subsidiary, Urangan Fisheries Pty Ltd, in July 2014. Revenue from its Gateway Services rose S$5.9 million, or 3.5 per cent, to S$173 million.
KrisEnergy on Thursday announced its net profit for the quarter ended March surged to US$46.3 million, versus a net loss of US$17.97 million in the year-ago period, mainly attributable to the recognition of one-off gains from its acquisition of Block A Aceh and transfer of working interest for Block 105 and Block 120, which was offset by lower revenue.
Revenue for the quarter was down 46.1 per cent at US$11.42 million, compared to US$21.21 million in the corresponding period a year ago, as the fall in global oil prices halved the average oil and liquids sales price realised by the group.
The outlook for the global oil market remains challenging, the group acknowledged in a note on Thursday.
UOB-Kay Hian Holdings announced after market closed on Wednesday its first-quarter net profit grew by a modest 0.8 per cent, buoyed by Thailand and a placement deal, the broking house said on Wednesday after the market had closed.
Net profit was S$18 million, or 2.4 Singapore cents per share, in the three months ended March 31. UOB-Kay Hian's shares closed at S$1.50, down by 0.7 per cent or a cent, before the results were announced.
Total revenue rose 6.9 per cent to S$89.8 million as a placement deal helped to boost other operating income by 69.3 per cent to S$11.4 million. Commission income shrank 1.3 per cent to S$55.6 million.