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Stocks to watch: Tiger Airways, Stratech, Ellipsiz

Tuesday, May 5, 2015 - 08:30
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Mainboard-listed Tiger Airways on Tuesday morning reported a net loss of S$18.8 million or 0.75 Singapore cent per share for its fourth quarter FY2015

MAINBOARD-LISTED Tiger Airways on Tuesday morning reported a net loss of S$18.8 million or 0.75 Singapore cent per share for its fourth quarter FY2015.

This is an improvement from the S$95.5 million loss or a loss per share of 8.59 Singapore cents a year ago.

For the full year at the end of March 2015, net loss was S$264.2 million, worse than the previous year's S$223 million.

In a filing on Singapore Exchange (SGX) on Tuesday, it said this is the third consecutive financial year that the group has recorded pre-tax losses.

The counter closed down half a Singapore cent to S$0.345 on Monday.

Stratech shares rose 36 per cent, or 0.9 Singapore cent, to close at 3.4 Singapore cents on Monday after 90.6 million shares changed hands.

It was the second-most heavily traded stock by volume on SGX for the day, leading to trading query from the exchange.

The group replied that it is not aware of any undisclosed information that could explain a surge in its share price on Monday.

Stratech was relisted in April as part of a restructuring of Stratech Systems.

Semiconductor-testing firm Ellipsiz more than doubled its net profit in its third quarter ended March 31, 2015, to S$1.23 million from S$555,000 a year ago.

This 123 per cent jump net profit came about despite a 22 per cent fall in revenue to S$25.63 million from S$33.01 million in the third quarter of fiscal 2014.

Gross profit for the nine-month period was S$30.45 million, up 14 per cent.

Earnings per share for the same period were 0.85 Singapore cents, down from 1.46 Singapore cents in the year-ago period.

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