THE following companies saw new developments that may affect trading of their securities on Wednesday (Aug 3):
OCBC’s net profit for its second quarter rose 28 per cent, underpinned by robust performance across its banking, wealth management and insurance businesses, it said on Wednesday (Aug 3).
Net profit for the 3 months ended Jun 30, 2022 stood at S$1.48 billion, compared with S$1.16 billion last year.
ASCENDAS Real Estate Investment Trust on Tuesday (Aug 2) posted a distribution per unit (DPU) of 7.873 cents for its first half ended Jun 30, 2022, up 2.8 per cent from a DPU of 7.66 cents a year ago.
“This is one exceptional quarter. We have capitalised very much on this and pushed rental up as high as possible, to what is acceptable,” said William Tay, chief executive officer of the real estate investment trust (Reit) manager.
SINGTEL has announced that it will increase its capital commitment for corporate venture capital (CVC) arm Singtel Innov8 from US$250 million to US$350 million.
The CVC invests in startups in the areas of 5G, artificial intelligence, sustainability, cybersecurity, the digital economy and emerging technologies. Singtel Innov8 is a balance sheet fund, funded entirely by Singtel with returns reinvested into new investments.
STEEL-solutions provider BRC Asia recorded a S$20.4 million net profit for Q3 ended Jun 30, 2022, double its S$10.2 million net profit in the year before.
Revenue for the quarter rose to S$515.3 million, up from S$340.2 million a year ago, the company said in a business update. BRC’s order book was about S$1.1 billion as of end-June.
HEALTHCARE services provider TalkMed Group reported a 12.2 per cent increase in net profit for its first half ended Jun 30, 2022 on the back of higher revenue.
In a bourse filing on Tuesday (Aug 2), the mainboard-listed company said that net profit for the 6-month period rose to S$12.1 million from S$10.8 million in the year ago period. Earnings per share improved from S$0.0082 to S$0.0092.