The following companies saw new developments that may affect trading of their securities on Tuesday (Feb 27):
Haw Par: The mainboard-listed group’s net profit rose 58.1 per cent for the six months ended Dec 31, 2023, to S$112.4 million from S$71.1 million for the same period a year earlier. Revenue for H2 FY2023 was up 39.7 per cent to S$120.9 million from S$86.6 million, announced the group on Monday. Shares of Haw Par closed at S$9.76, down 0.1 per cent or S$0.01, before the announcement.
Ho Bee Land: The real estate developer reported a net loss of S$104.1 million for the six months ended Dec 31, 2023, reversing from a net profit of S$16 million in the second half of FY2022. The group said on Monday that net loss for the whole financial year stood at S$259.8 million, also reversing from a net profit of S$165.9 million in FY2022. Shares of Ho Bee Land closed at S$1.71, up S$0.01 or 0.6 per cent, before the announcement.
Bumitama Agri: The Indonesian palm oil producer posted a net profit of 1.26 trillion rupiah (S$108.4 million) for the second half ended Dec 31, 2023, 94.7 per cent higher than the same period a year earlier. The sales volume of palm products increased during the period, resulting in a rise in revenue, the group said on Tuesday. Its counter closed 0.8 per cent or S$0.005 lower at S$0.635 on Monday.
The Straits Trading Company: The group on Tuesday reported a net loss of S$43.5 million for the second half ended December 2023, narrowing from the prior year’s H2 net loss of S$121.8 million as its real estate segment posted a lower fair value loss from certain investment properties. Its hospitality segment also returned to profitability on the back of stronger operating performance, compared with a loss in the year-ago period. Shares of Straits Trading ended Monday S$0.01 or 0.6 per cent higher at S$1.61.
Gallant Venture: The industrial parks and resorts developer on Monday posted a net loss of S$16.1 million for the second half-year ended Dec 31, 2023, reversing from a net profit of S$3.2 million in the same period a year earlier. This was despite a 4 per cent increase in revenue for the half year to S$94.7 million from S$91.1 million. Shares of Gallant Venture closed flat at S$0.13, before the announcement.
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