Thai Beverage: Thai Beverage (ThaiBev) on Wednesday (Feb 14) said its sales revenue for the first quarter ended Dec 31, 2023 fell by 5.9 per cent to 76.1 billion baht (S$2.8 billion) from 80.9 billion baht year on year.
However, its earnings before interest, taxes, depreciation and amortisation (Ebitda) rose by 1.9 per cent to 13.8 billion baht, from 13.5 billion baht in the corresponding year-ago period, as a result of “effective cost management”, the beverage group said in a business update.
The lower revenue came as the group’s beer segment revenue declined 14 per cent to 32.6 billion baht, from 37.9 billion baht in Q1 FY2023, on the back of sales volume falling by 15 per cent and a slower-than-expected economic recovery in Thailand and Vietnam.
Keppel: Keppel has been appointed to design, build and operate a solar photovoltaic (PV) system on the rooftops of Changi Airport’s terminals, terminal auxiliary structures, airfield and cargo buildings for 25 years, the asset manager announced on Wednesday (Feb 14).
In a joint release with Changi Airport Group (CAG), the group announced that the system will have a combined generation capacity of 43 megawatt-peak (MWp), of which 38 MWp will be installed on rooftops.
This makes it the largest single-site rooftop solar PV system in Singapore, said the group.
Seatrium has renewed its long-term favoured customer contract with two maritime companies to repair, refurbish and upgrade a combined fleet of 43 liquefied natural gas (LNG) carriers docked in South-east Asia.
The contracts, inked with GasLog LNG Services and Shell International Trading and Shipping Company, will run from 2024 to 2029, Seatrium said on Wednesday (Feb 14).
They were awarded to the group’s wholly owned subsidiary, Seatrium Repairs and Upgrades. It will also support joint planning, information and experience sharing.
Civmec: ENGINEERING and construction company Civmec posted a 12.9 per cent increase in net profit to A$31.9 million (S$27.9 million) for the first half ended Dec 31, 2023, on the back of higher revenue.
This is up from A$28.2 million in the previous corresponding period, the Australia-headquartered company said in a bourse filing on Wednesday (Feb 14).
Earnings per share came in at A$0.0629 compared to A$0.056 in the same period a year earlier.
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