THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 7):
DBS: DBS reported net profit of S$2.27 billion for the fourth quarter ended December, 3 per cent lower than the S$2.34 billion recorded in the year-ago period.
The net profit, which included one-off costs, missed a S$2.39 billion consensus forecast in a Bloomberg survey of two analysts.
Excluding one-time items costs from the acquisition of Citigroup’s Taiwan consumer banking business and a S$100 million corporate social responsibility commitment to charitable causes, net profit would have been S$2.39 billion – in line with analyst estimates and 2 per cent higher than the previous Q4.
Wing Tai: PROPERTY and retail company Wing Tai recorded a net profit of S$20.5 million for the first half of its financial year ended Dec 31, 2023.
This was a 68 per cent drop compared to the same period a year ago.
The decline was partly because the S$63.3 million net profit recorded in the first half of its previous financial year included a one-off writeback of S$21.8 million, which was for a deferred tax provision that was no longer required.
NoonTalk: Entertainment company NoonTalk Media reduced its net loss for the first six months of its financial year (FY2024) by 40 per cent, to S$1.3 million from S$2.1 million in the previous corresponding period.
That puts its loss per share at 0.64 Singapore cent from 1.26 cent previously.
The Catalist-listed company, with Singaporean actor and television host Dasmond Koh as its chief executive, reported its latest financial statement on Tuesday (Feb 6).
F&N: Beverage maker F&N reported a net profit of S$43.8 million for the first quarter ended on Dec 31, 2023, a 52.9 per cent jump from the same period the year before.
However, its revenue took a dip of 0.2 per cent to S$531.6 million over the same time period, the company said in a business update filed with the bourse on Tuesday (Feb 6).
Earnings per share came in at three Singapore cents, an increase from two Singapore cents a year ago.
BRC Asia: MAINBOARD-LISTED BRC Asia reported a 46.5 per cent increase in net profit to S$17.1 million for its first quarter ended Dec 31, 2023, from S$11.7 million in the same period a year before.
The steel manufacturing and solutions provider announced the results in a business update on Tuesday (Feb 6).
Revenue for Q1 increased 17 per cent to S$399.2 million, from S$341.3 million in the previous year.
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