Pan-United Corp has reported 2HFY2023 earnings of $20.4 million, up 107% y-o-y from the $9.8 million recorded in 2HFY2022.
For the full year, earnings were up 56% y-o-y to $36.3 million.
Revenue for 2HFY2023 rose 13% to $413.9 million. For FY2023, revenue grew 10% y-o-y to $774.1 million, driven primarily by the concrete and cement (C&C) business.
Thai Beverage (ThaiBev) has issued debentures with an aggregate principal amount of THB22 billion ($829.2 million) in four tranches.
A debenture is a type of bond or debt instrument that have no collateral backing; it must rely on the trustworthiness and reputation of the issuer for support. In this case, the debentures backed by ThaiBev have been assigned an “AA (tha)” rating, which is considered investment grade for Fitch Ratings.
Union Steel Holdings has reported earnings of $7.04 million for the 1HFY2024 ended Dec 31, 2023, 27.7% higher than its earnings of $5.5 million.
Revenue rose marginally by 0.7% y-o-y to $53.5 million mainly due to the “notable” expansion in the group’s engineering segment. The segment expanded following the acquisitions of BTH Group, Promoter, Marshal Group and Fastweld Engineering, which diversified Union Steel’s revenue streams. The growth was partly offset by softer sales in the metals segment due to intensive competition for both new steel and scrap metal.
Yoma Strategic Holdings has posted revenue of US$49.8 million ($66.8 million) for the three months ended December, 36.4% higher than the previous corresponding period at US$36.5 million.
Within its real estate development segment, unrecognised revenue from ongoing projects stood at US$173.4 million as at December 31, compared to the US$65.2 million recorded at end-September.
This revenue is expected to be realised over the next 18 to 24 months as construction progresses.
Manulife US REIT (MUST) reported gross revenue of US$208.0 million ($279.48 million) for FY2023 ended Dec 31, 2023, 2.7% higher y-o-y. Net property income (NPI) rose 1.3% y-o-y in tandem to US$114.6 million, but distributable income declined 15.5% y-o-y to US$74.3 million.
Creative Technology has reported a smaller loss of US$4.07 million ($5.47 million) for the 1HFY2024 ended Dec 31, 2023, 62% better than the US$10.6 million loss in the same period the year before.
Net sales rose by 13% y-o-y to US$31.8 million, due to higher revenue from the launch of new products.
Gross profit surged by 63% y-o-y to US$9.6 million as gross profit margin (GPM) stood at 30%, up from the 21% in the 1HFY2023.
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