The following companies saw new developments that may affect trading of their securities on Thursday (Feb 1):
Keppel posted a more than four-fold rise in its full-year profit on Thursday, primarily bolstered by a one-off gain from the divestment of its offshore and marine (O&M) unit.
Keppel, which was founded 56 years ago and traces its roots to a shipbuilding yard, recorded a S$3.3 billion ($2.46 billion) gain after the disposal of its O&M business last February.
That, along with strong performances at its infrastructure segments helped Keppel post a record full-year net profit of S$4.07 billion, compared with a profit of S$927 million a year earlier.
The Singapore Exchange (SGX) on Thursday (Feb 1) posted a 1 per cent year-on-year drop in net profit to S$281.6 million for its first half FY2024, from S$284.6 million.
Earnings before interest, taxes, depreciation and amortisation for H1 grew 3.2 per cent to S$344.6 million.
Earnings per share (EPS) stood at S$0.263, down from S$0.266 in H1 FY2023.
IREIT Global has secured two new leases in France and Germany.
The manager of the Europe-focused real estate investment trust (Reit) said in a Wednesday (Jan 31) bourse filing that the first is a lease extension for its 17 retail properties in France under the discount retailer B&M.
The properties’ sole tenant has agreed to extend its leases by 3.8 years on average, bringing the weighted average lease expiry (WALE) of the 17 properties to 7.7 years.
NOEL Gifts International has received the green light for the collective sale of its units at 50 Playfair Road, and expects the sale proceeds to benefit its financial results for FY2024 ending Jun 30.
As announced last year, Noel Gifts expects to book S$30.6 million from the sale of the 10 units it owns in the freehold industrial property.
The company has obtained unanimous consent from the development’s subsidiary proprietors for the sale, it said in a Wednesday (Jan 31) bourse filing. No further application to the Strata Titles Board or the High Court is required.
Rising costs in the construction sector sent mainboard-listed Keong Hong Holdings deeper into the red for FY2023.
The company saw its net loss widen 7.8 per cent to S$49.5 million for the year ended Sep 30, 2023.
On a per-share basis, Keong Hong’s FY2023 loss widened to 21.06 Singapore cents, from 19.53 cents.
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