Corporate digest

Published Sat, May 29, 2021 · 05:50 AM

ComfortDelGro

BLACKROCK is now deemed a substantial shareholder of ComfortDelGro, after its purchase of 5.2 million shares on Thursday bumped its shareholding from 4.76 per cent to 5 per cent.

The change in position came from an increase in shares held as collateral. Through various subsidiaries, the US-based asset manager now effectively holds 108.4 million shares in the company, up from 103.2 million previously, said ComfortDelGro in a bourse filing on Friday.


KSH Holdings

MAINBOARD-LISTED property firm KSH Holdings slid into the red for the financial year ended March 31, dragged by an over 30 per cent drop in its construction business and impairment loss on hotels and investment properties.

KSH reported a loss of S$3.8 million for the financial year 2021, versus net earnings of S$15.8 million for the previous year. Loss per share came to 0.67 Singapore cent, compared with earnings per share of 2.78 cents a year ago. It had revenue of S$153.1 million, a 32.3 per cent year-on-year decrease from S$226.1 million.

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KSH has proposed paying a final dividend of one Singapore cent per share, lower than the 1.2 cents last year.

The order book stood at S$620 million for the group's construction business as at March 31, while property development business has over S$416 million of attributable share of progress billings to be booked post-FY2021.


Tung Lok Restaurants (2000)

THE restaurant group has managed to post a net profit of S$800,000 for the six months ended March 31, as government grants and its cost control measures helped it reverse from a loss of S$1.2 million a year ago.

Top line was 6.9 per cent lower year on year at S$37.1 million for the second half of financial year 2021.

Similarly, the group's bottom line managed to post earnings for the full year with S$1 million, swinging from a net loss of S$2.6 million a year ago. But top line declined about 23.5 per cent year on year from S$78.1 million to S$59.7 million for the full year.

The group reduced casual labour, cutting the number of workers on its payroll by nearly 200, and also temporarily lowered staff pay by up to 30 per cent. These helped to cut administrative costs for the full year by about 22 per cent.

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