The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 30):
Singapore Airlines (SIA) and Tata Sons, the parent company of Indian conglomerate Tata Group, have agreed to merge airlines Air India and Vistara, SIA said on Tuesday (Nov 29).
As part of the transaction, SIA will also invest 20.6 billion rupees (S$360 million) in Air India, giving SIA a 25.1 per cent stake in an enlarged Air India group.
Malaysian hospital group IHH Healthcare reported a 54 per cent slide in its net profit for the third quarter ended Sep 30. This was due to the absence of exceptional items recognised in Q3 2021, including an increase in deferred tax assets of RM248.2 million (S$75.6 million), as well as foreign exchange losses and the effect of restating financial statements according to a reporting standards framework in hyperinflationary Turkey.
Net profit for the quarter stands at RM251.8 million, from RM550 million in the same period last year, the group announced in a bourse filing on Tuesday (Nov 29).
Steel-solutions provider BRC Asia posted an 81 per cent rise in its net profit to S$50.4 million for its second half ended Sep 30, 2022, from S$27.9 million a year earlier.
The company recorded increased sales volume and higher steel prices in the year, it said in a bourse filing on Tuesday (Nov 29).
Earnings per share of the company stood at 18.36 Singapore cents for the half-year period, up from 11.46 cents the year before.
Seafood restaurant operator Jumbo Group has narrowed its net loss to S$91,000 for its full year ended Sep 30, 2022, from S$11.8 million a year ago. This was mainly due to an increase in revenue from its Singapore operations with the gradual easing of Covid-19 measures, said the group in a bourse filing on Tuesday (Nov 29).
Revenue for FY2022 rose 41.3 per cent to S$115.6 million, from S$81.8 million a year ago.
Loss per share is now at less than 0.1 Singapore cent for the full-year period, from 1.8 cents a year ago.
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