Corporate digest

Penguin International

PENGUIN International's third-quarter net profit grew 49.6 per cent to S$11.98 million, or 1.81 cents per share, after the ferry operator sold some vessels. Profit for the nine months ended September 2015 slipped 4.2 per cent to S$23.9 million, or 3.62 cents per share. Penguin shares closed at 14.8 cents on Monday, lower by 1.3 per cent or 0.2 cent, before the results were announced. Third-quarter revenue from continuing operations declined by 7.2 per cent to S$48.3 million as shipbuilding activity slowed down, although chartering activity picked up. The bottom line got a boost from other operating income, which jumped to S$4.2 million from S$194,000 a year ago.

SHC Capital