THE following companies saw new developments that may affect trading of their securities on Monday (Nov 27):
NetLink NBN Management, trustee-manager of NetLink NBN Trust, announced on Monday (Nov 27) that the Infocomm Media Development Authority (IMDA) has completed its review of the wholesale prices, terms, and conditions of the NetLink Trust interconnection offer.
With effect from Apr 1, 2024, the monthly recurring charge of residential end-user connection will be reduced to S$13.50 from S$13.80. Pricing for non-building address point connection service will be lowered to S$70.50 from S$73.80.
Mainboard-listed tourism facilities operator Straco Corporation reported a net profit of S$16.3 million for its third quarter ended Sep 30, 2023.
This put the company firmly in the black, compared to the narrow profit of S$175,000 in the same quarter last year.
Revenue for Q3 rose to S$35.5 million from S$11.7 million a year earlier, Straco said in a bourse filing on Friday (Nov 24).
LHN Group posted a 55.9 per cent rise in net profit to S$21.3 million for its second half ended Sep 30, 2023, from S$13.6 million in the previous corresponding period.
This was while the Catalist-listed company’s revenue for the period was up 30.7 per cent to S$50.8 million, from S$38.8 million the previous year, it said in a bourse filing on Friday (Nov 24) evening. LHN Group has businesses in space optimisation, facilities management and logistics.
Earnings per share stood at 0.82 Singapore cent for the second half, down from 4.33 cents a year ago.
In-flight caterer and ground handler Sats has given notice that it has recorded three consecutive years of losses.
Based on audited full-year consolidated accounts, the mainboard-listed group recorded pre-tax losses for the last three consecutive financial years, it said in a bourse filing on Sunday (Nov 26).
However, Sats will not be placed on the Singapore Exchange (SGX) watch list, as its six-month average daily market capitalisation was nearly S$3.9 billion as at Nov 23.
Media and entertainment company MM2 Asia has given notice that it has recorded three consecutive years of losses.
Based on audited full-year consolidated accounts, the mainboard-listed company recorded pre-tax losses for the last three consecutive financial years, it said in a bourse filing late on Friday (Nov 24).
However, it will not be placed on the Singapore Exchange (SGX) watch list as its six-month average daily market capitalisation was S$105.4 million as at Nov 15.
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