The following companies saw new developments that may affect trading of their securities on Friday (Feb 23):
Singtel (Z74): Its net profit for the third quarter ended Dec 31, 2023, was down 12.5 per cent to S$465 million due to a higher net exceptional loss mainly from Optus and Airtel, reported the telecommunications operator on Friday. Operating revenue for the quarter declined 3.2 per cent year on year to S$3.6 billion in the absence of contributions from Trustwave, as well as a depreciation in the Australian dollar. Singtel gained S$0.02 or 0.8 per cent to S$2.39 at Thursday’s close.
Genting Singapore (G13): Integrated resort operator Genting Singapore posted a 31 per cent rise in net profit to S$334.9 million for the second half of 2023, from S$255.7 million in the previous corresponding period.
This was mainly due to the significant post-pandemic recovery of its businesses across the board, leading to strong revenue gains, the company said in a regulatory filing on Thursday (Feb 22).
Revenue for H2 rose 26 per cent to S$1.3 billion, from S$1.1 billion a year earlier.
Venture (V03): Venture Corp reported on Thursday (Feb 22) a 33.4 per cent decline in net profit for the second half, on the back of lower revenue.
Net profit for the six months ended Dec 31, 2023 fell to S$130 million, down from S$195.3 million in the year-earlier period. On a per-share basis, earnings slipped to S$0.447 in H2 FY23, from S$0.671 the previous year.
A final dividend of S$0.50 per share was proposed, unchanged from a year earlier. Including the interim dividend of S$0.25, which was paid in September, total dividend for FY2023 will amount to S$0.75 per share. The full-year dividend has remained at this level since FY2020.
HRnetGroup (CHZ): Mainboard-Listed HRnetGroup posted a 7.1 per cent rise in net profit to S$35.3 million for the second half of 2023, from S$32.9 million in the previous corresponding period.
This was mainly due to factors including a strong profit margin, partially offset by lower revenue, the recruitment and consulting company said in a regulatory filing on Thursday (Feb 22).
Revenue for H2 2023 fell 4.7 per cent to S$283.7 million, from S$297.6 million a year earlier. This was due to tough economic conditions and sector-wide profit downgrades.
Aztech Global (8AZ): Aztech Global net profit rose 134.6 per cent on year in the second half of 2023 to S$57.1 million, bringing the group’s net profit for the full year to a record S$100 million.
In a bourse filing on Thursday (Feb 22), the technology solutions provider said higher revenue, greater economies of scale, interest income and net fair-value gain on foreign exchange contracts led to higher net profit for H2 2023.
Earnings per share for H2 rose 134.9 per cent on year to S$0.074, from S$0.0315 in the prior-year period.
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