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

Published Mon, Nov 30, 2020 · 09:50 PM

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.

While total earnings were down 10.13 per cent as compared to a ye…