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Stocks to watch: Olam, Asian Pay TV Trust, Vallianz
THE following companies saw new developments that may affect trading of their shares on Monday:
Olam International: The mainboard-listed agribusiness on Monday posted a nearly 29 per cent rise in net profit to S$147.7 million for the second quarter ended June 30 on growth in its food category, up from S$114.9 million a year ago. The company declared a one-tier tax exempt interim dividend of 3.5 Singapore cents per ordinary share for the current financial year.
Asian Pay Television Trust: The trust on Monday reported a 29.4 per cent fall in net profit to S$11.4 million for the second quarter ended June 30, compared to a net profit of S$16.1 million a year ago. The board has declared a distribution of 1.625 Singapore cents per unit for the quarter, payable on Sept 27.
Vallianz Holdings: The group on Monday announced a 12.5 per cent increase in net profit to US$4.26 million for the first quarter ended June 30, up from S$3.79 million a year ago. Revenue, however, fell by 35.2 per cent year on year to S$41.2 million. No dividends have been declared by the offshore support vessel company for the period.