THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 2):
JIUTIAN Chemical Group is expecting to report a "significant increase" in consolidated net profit for the half year ended Jun 30, due to a rise in the average selling price of its main products.
In a regulatory filing on Monday (Aug 1), the Catalist-listed chemical company said it has continued to experience “strong” demand for its main products of dimethylformamide and methylamine, as China’s post-Covid-19 economic recovery gathers momentum.
KEPPEL Offshore & Marine (O&M), through its wholly-owned subsidiaries, Keppel AmFELS, Inc (Keppel AmFELS) and Keppel Shipyard Ltd (Keppel Shipyard), has been awarded contracts worth around S$75 million for the refurbishment and completion of 2 floating production units.
The first contract is by Keppel AmFELS with Salamanca FPS Infra, LLC for the refurbishment of a floating production unit to be operated by LLOG Exploration Offshore, LLC, a private exploration and production company in the United States.
GREAT Eastern’s profit attributable to shareholders rose 22 per cent to S$282.9 million for the second quarter ended Jun 30, from S$232.3 million in the same period a year ago.
This was mainly due to higher operating profit from the insurance business, which grew 19 per cent year on year to S$174.1 million, from S$146.9 million, the insurance arm of OCBC said on Tuesday (Aug 2).
Centurion Corporation said on Monday (Aug 1) that it is expecting a "substantial increase" in net profit for the half year ended Jun 30, 2022.
In a bourse filing, Centurion said the group is expected to record a “substantial increase” in the net profit attributable to equity holders of the company for H1 2022 “by not less than 250 per cent.” This is as compared to a net profit of S$17.2 million for the year-ago period, it added.
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