The following companies saw new developments that may affect trading of their securities on Friday (Feb 9):
SingPost: Singapore Post has reported group operating profit of S$27.7 million for the third quarter ended Dec 31, 2023, down 18.3 per cent from the previous corresponding period at S$33.9 million.
Group revenue dipped 8 per cent to S$455.4 million from S$495.1 million year on year.
Group operating expenses narrowed by 6.7 per cent to S$430.1 million from S$460.8 million.
Mapletree Industrial Trust Treasury has priced S$50 million notes with a fixed coupon rate of 3.751 per cent per annum.
These notes, which are due in Feb 2027, is expected to be issued on Feb 16, 2024, said the manager of the real estate investment trust (Reit) in a bourse filing on Thursday (Feb 8).
The notes will be issued under the S$2 billion Euro Medium Term Securities Programme established in September 2018.
Starhub posted a net profit of S$72.9 million for the second half of its financial year ended Dec 31, 2023, up from S$1.3 million over the same period a year earlier.
In 2022, the company recorded higher non-operating expenses from impairment losses of certain legacy network assets coupled with goodwill and intangible assets from Strateq, the company’s information and communications technology arm.
This comes as the company’s revenue over the same period fell 0.1 per cent to S$1.3 billion.
Sabana Reit: A GROUP of Sabana Industrial Real Estate Investment Trust (Sabana Reit) unitholders who requisitioned for an extraordinary general meeting (EGM) to be held are now requesting to withdraw and modify some of the resolutions they initially proposed.
The unitholders who call themselves the Sabana Growth Internalisation Committee (SGIC) are led by activist investor Quarz Capital.
Sabana Reit’s manager disclosed the Feb 7 letter from SGIC on Thursday (Feb 8) and said that it is considering the letter’s contents while seeking legal advice.
Oxley Holdings: PROPERTY developer Oxley Holdings has posted a loss of S$1.1 million in the first six months of its financial year ended Dec 31, 2023, down from a profit of S$0.3 million in the previous corresponding period.
In a bourse filing on Thursday (Feb 8), the group put the result largely down to “lower gross profit attributable to lower revenue, and lower share of results from joint ventures and associates”. It noted, however, that this was partially offset by lower finance costs on reduced borrowings.
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