THE following companies saw new developments that may affect trading of their securities on Friday (Jul 29):
Singapore Airlines (C6L): Singapore’s flag carrier airline on Thursdayreversed into the blackas it posted an operating profit of S$556 million for Q1 FY2022 ended Jun 30 — the second-highest quarterly operating profit since Q3 FY2007/08. Shares of SIA closed up 0.2 per cent or S$0.01 to S$5.36 on Thursday.
Hongkong Land (H78): Hongkong Land on Thursday (Jul 28) reported an 8 per cent rise in 1H 2022 underlying net profit to US$425 million from US$394 million a year ago.
The property company also reversed into the black, with H1 earnings of US$292 million, compared to a loss of US$865 million a year ago. Hongkong Land directors have declared an interim dividend of US$0.06 per share.
Jardine Matheson (J36): Jardine Matheson on Thursday (Jul 28) reported a 22 per cent increase in H1 2022 underlying net profit to US$747 million from US$615 million a year ago.
In a regulatory filing after market close, the conglomerate also announced a 4 per cent rise in revenue for the period to US$18.2 billion from US$17.5 billion a year ago.
The growth in revenue was driven by Astra’s performance, Jardine Cycle & Carriage and Hongkong Land’s improved underlying profit. Mandarin Oriental also delivered a lower underlying loss for H1.
UOB (U11): UOB on Friday (Jul 29) reported net profit for the second quarter rose 11 per cent year on year, as margins improved and trading and investment income saw some recovery.
Net profit for the 3 months ended June stood at S$1.1 billion, up from S$1 billion in the year-ago period. The earnings were in line with the S$1.1 billion consensus forecast in a Bloomberg survey of 4 analysts.
The bank has declared an interim dividend of S$0.60 for the first half of its financial year ending Dec 31, 2022, which represents a payout ratio of 50 per cent.
Keppel (BN4): CONGLOMERATE Keppel Corporation on Thursday (Jul 28) posted a headline net profit of S$497.5 million for the first half of the year ended June, up 65.9 per cent from its earnings of S$299.8 million in the corresponding year-ago period.
The group said this was underpinned by profitability across all its segments, including the discontinued offshore and marine operations.
Japfa (UD2): AGRI-FOOD company Japfa on Thursday (Jul 28) reported a 10.4 per cent increase in 1H 2022 revenue to US$2.5 billion from US$2.3 billion a year ago.
However, net profit attributable to shareholders for the period fell 62.9 per cent to US$44 million from US$118.5 million in 1H 2021. Earnings were dragged by high feed raw material costs and the impact of Covid-19 at the beginning of 2022, with lower broiler prices in February 2022.
Operating profit for H1 fell 36.9 per cent to US$171 million from US$270.9 million in 1H 2021. Operating profit margin in H1 also dropped 5.2 percentage points to 6.8 per cent from 12 per cent in 1H 2021.
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