Q3 corporate profits show signs of recovery amid rebound in economic activity

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.