Q3 corporate profits show signs of recovery amid rebound in economic activity
Outperformers for quarter include pandemic beneficiaries; coronavirus seen continuing to be key market driver
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Singapore
FOR the third-quarter ended September 2020, earnings for Singapore-listed companies, while still weaker than a year earlier, point to signs of a recovery as economies start to open up, said analysts.
As at Nov 27, the 143 companies listed on the Singapore Exchange (SGX) that had issued their quarterly scorecards recorded a combined S$5.98 billion in group profits, with 97 companies in the black and 46 companies incurring losses, according to data compiled by The Business Times.
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