Corporate digest
Oxley Holdings
PROPERTY developer Oxley Holdings posted a jump in net profit for the first quarter ended September to S$35 million from S$10 million a year ago. Revenue rose to S$434 million from S$120 million led by revenue recognition from the group's industrial property development Ecotech @ Sunview using the completion of construction method as the development received its temporary occupation permit over the quarter. Earnings per share came in higher at 1.19 Singapore cents from 0.34 cent a year ago. Oxley has declared an interim dividend of 0.50 Singapore cent per share versus none a year ago.
Nordic Group
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Universal Music Group reaches new licensing agreement with TikTok
Sumitomo to bolster shareholder returns in new mid-term plan
US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform
ST Engineering bags more than S$175 million in contracts to upgrade Singapore’s public bus fleet
ING unveils 2.5 billion euros buyback as profit beats estimates
Prosper Cap halts operations at UK hotel after fire breaks out