THE following companies saw new developments that may affect trading of their securities on Friday (May 27):
OCBC: THE Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of about S$330 million on OCBC Bank for its deficiencies in responding to a wave of spoofed SMS phishing scams in December 2021.
This additional capital requirement is part of the regulatory capital which MAS requires all banks to hold. The minimum amount of capital would be relative to the size and riskiness of the bank’s operations and investments, and is predominantly in the form of equity and retained earnings.
Singtel: SINGTEL reported S$994.5 million in net profit for the second half ended March 2022, up more than 10 times from S$87.6 million in H2 FY2021.
The bottomline growth came despite lower operating revenue, as the group’s exceptional items turned profitable from its loss booked the previous year.
Operating revenue for H2 FY2022 fell 6.5 per cent to S$7.69 billion from S$8.22 billion the previous year. This was mainly due to lower sales of equipment as well as a decrease in revenue from its mobile, data and internet, fixed voice and pay television segments.
IHH: Hospital group IHH Healthcare on Thursday (May 26) reported a 31.3 per cent increase in its net profit for the first quarter ended Mar 31, as the company witnessed growth from core operations and contribution from Covid-19 services rendered.
Net profit for the quarter went up to RM493.3 million (S$154.9 million), from RM375.6 million over the same period last year.
Revenue for the period grew as well, by 5.5 per cent to RM4.16 billion, from RM3.95 billion in the year-ago period.
The Hour Glass: Luxury watch retailer The Hour Glass has reported earnings of $157 million for FY2022 ended March 31, up 86% y-o-y.
Earnings per share for FY2022 at 22.34 cents is 91% higher than the previous year's at 11.71 cents.
The Hour Glass’s y-o-y revenue reached $1.03 billion in FY2022, as trending consumer demand for mechanical watches has broadened over the past few years with an “accelerating momentum”.
Comments