Corporate digest

Qian Hu

QIAN Hu Corporation's third quarter net profit plummeted 94.6 per cent to S$5,000 from the previous year, as its fish and accessories business segments contributed far less to earnings. Qian Hu said operating profitability of the ornamental fish segment fell because of a different sales mix in fish exports. Revenue for the three months ended Sept 30, 2016, rose 10.1 per cent to S$19.6 million.

Third quarter earnings per share dropped to 0.01 Singapore cent from 0.08 Singapore cent. Qian Hu shares closed 4.44 per cent or 0.4 Singapore cent lower on Monday at 8.6 Singapore cents per share.

ST Electronics

ST ELECTRONICS, the electronics arm of Singapore Technologies (ST) Engineering, won S$480 million worth of contracts in the third quarter of 2016. About S$84 million worth of these contracts were in the rail electronics & intelligent transportation sector; others were in satellite & broadband communications, and advanced electronics & ICT solutions. ST Engineering's shares closed flat on Monday at S$3.18.

Sabana Reit

SABANA Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) posted a 32.2 per cent dip in distribution per unit (DPU) to 1.2 Singapore cents for the third quarter ended Sept 30, 2016, from 1.77 Singapore cents a year ago. Net property income came in 24 per cent lower at S$13.91 million, while gross revenue fell 9.7 per cent to S$23.03 million.