THE following companies saw new developments that may affect trading of their securities on Monday (Nov 14):
Sembcorp Industries: SEMBCORP Industries has agreed to fully acquire Vector Green Energy, an independent power producer with renewable power generation assets spread across 13 Indian states, for 27.8 billion (S$474 million).
Sembcorp’s wholly owned subsidiary Sembcorp Green Infra signed an agreement with India Infrastructure Fund II, a fund managed by Global Infrastructure Partners India.
With the acquisition, Sembcorp’s gross renewable energy capacity will increase to 8.5 GW, including the proposed acquisition of 795 MW of solar assets in China that was announced on Nov 11. The company has a 2025 target of 10 GW of gross installed renewable capacity.
Frasers Property: FRASERS Property on Friday (Nov 11) posted a 12.4 per cent increase in net profit to S$871.4 million for the full year ended Sep 30, helped in part by the resumption of international travel and residential projects in Singapore and Thailand.
Revenue for the full year rose 3 per cent to S$3.88 billion, according to the company’s interim financial statement.
Net profit for the six months ended Sep 30 saw a more dramatic improvement of 40.4 per cent year on year to S$741.8 million, despite a 0.2 per cent dip in revenue to S$2.19 billion.
SBS Transit: PUBLIC transport operator SBS Transit reported on Friday (Nov 11) a 23.4 per cent improvement in net profit for the third quarter on the back of higher revenue, as ridership improved.
UMS: SEMICONDUCTOR company UMS Holdings on Friday (Nov 11) reported a 181 per cent increase in net profit for the third quarter on the back of stronger revenue.
Net profit for the three months ended Sep 30, 2022, rose to S$42.5 million from S$15.1 million in the year-ago period. On a per share basis, earnings rose to S$0.0635 in Q3 FY2022 from S$0.0284 a year earlier.
An interim dividend of S$0.01 per share was declared, unchanged from the previous year.
Net profit for the three months ended Sep 30 rose to S$17.1 million, from S$13.9 million in the year-ago period, according to a business update on the Singapore Exchange.
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