In brief

Vallianz full-year profit more than doubles

VALLIANZ Holdings said its net profit for the financial year ended Dec 31, 2014, more than doubled to US$18.5 million. Its revenue grew more than seven times to US$153.7 million. Earnings per share rose to 0.79 US cent for FY14, up from 0.63 US cent previously. It has proposed a final dividend of 0.05 US cent per share for FY14.

FSL Trust Q4 distributable income back to black

FIRST Ship Lease Trust (FSL Trust) said its distributable income for the fourth quarter reversed into the black to US$7.49 million, compared to a loss of US$3.38 million from a year ago. But "in connection with a loan covenant relaxation from its lenders", FSL Trust cannot pay any distributions to unitholders until the lenders confirm that the trust is compliant with the terms of the original loan agreement.

Penguin International Q4 profit falls 8%

PENGUIN International, which operates and constructs crewboats, said net profit for its fourth quarter fell 8 per cent from a year ago to S$5.17 million amid higher expenses linked primarily to the depreciation of vessels.

YHI Int'l posts 20% drop in full-year earnings

TYRE distributor YHI International reported a 20.4 per cent fall in full-year net profit from a year ago to S$7.03 million on higher expenses.

TIH's full-year profit plunges to S$591,000

PRIVATE equity fund company TIH saw its full-year net profit plunge to S$591,000 from S$42.7 million a year ago. This reflected the absence of a one-off gain from a divestment.