THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 15):
ComfortDelGro: LAND transport giant ComfortDelGro posted a 54.5 per cent rise in net profit to S$49.9 million for the third quarter ended Sep 30, 2023, from S$32.3 million a year earlier.
The company noted that its profit after tax and minority interests (Patmi) margin for the quarter rose to 5 per cent, from 3.4 per cent a year earlier. Revenue over the same period rose 3.8 per cent to S$996.6 million, from S$960.3 million a year ago.
In a business update on Tuesday (Nov 14), the company noted that its public transport business improved as renewals and indexation in the UK continued to improve margins.
Boustead Singapore: BOUSTEAD Singapore proposed an unconditional cash exit offer for its real estate unit Boustead Projects at S$1.18 per share. This is 23.6 per cent higher than Boustead Projects’ last-traded price of S$0.955 prior to its trading suspension.
This also represented a 24.2 per cent increase from its previous voluntary unconditional general offer of S$0.95 per share, which closed at 5.30 pm on Mar 27, 2023.
The exit offer price stands at 20 times Boustead Projects’ consolidated earnings per share, and 0.9 times of its net asset value per share, for its last financial year.
Delfi: CHOCOLATE confectionery company Delfi saw its earnings before interest, taxes, depreciation and amortisation (Ebitda) decline 6.3% to US$12.9 million in the third quarter ended Sep 30, 2023, from US$13.7 million a year earlier.
This was despite the group posting a 12.9 per cent increase in third quarter revenue to US$126.4 million, from US$112 million the year before.
In its business update on Tuesday (Nov 14), the company attributed the growth in revenue to higher sales in both Indonesia and its regional markets, which comprise Malaysia, the Philippines and Singapore.
GP Industries: BATTERY maker GP Industries posted a 55.1 per cent fall in net profit for the first half of FY2024, amid a decline in sales and the absence of one-off disposal gains it had recorded a year ago.
Net profit for the six months ended Sep 30 stood at S$8.9 million, down from S$19.8 million in the year-ago period. On a per-share basis, earnings were down to S$0.0184, from S$0.0409 previously.
The company declared an interim dividend of S$0.01 cent per share, unchanged from the year-ago period.
Geo Energy: INDONESIAN coal producer Geo Energy Resources posted a 68 per cent decline in net profit to US$11.5 million for the third quarter ended Sep 30, 2023, from US$35.7 million a year earlier.
Revenue over the same period fell 33 per cent to US$111 million, from US$164.7 million a year ago.
For Q3, the company declared an interim cash dividend of S$0.004 per ordinary share, as compared to the dividend of S$0.01 per ordinary share that it declared over the same period a year earlier. The interim dividend will be paid on Nov 29, after the ex-dividend date of Nov 21, 5 pm.
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