THE following companies saw new developments that may affect trading of their securities on Friday (Aug 5):
WILMAR International reported on Thursday (Aug 4) a 55.1 per cent jump in net profit for its first half ended June 2022, on the back of improved performance across all key business segments and higher contributions from associates and joint ventures.
Net profit for the 6 month period rose to US$1.2 billion from US$750.9 million in the year-ago period, the company said in a bourse filing. On a per share basis, earnings increased to US$0.185 in H1 2022 from US$0.119 previously.
SEMBCORP Industries on Friday (Aug 5) posted a surge in net profit to S$490 million for the half year ended Jun 30, from S$46 million a year ago, with higher contributions from its renewables and conventional energy segment.
Before exceptional items, which include gains on the disposal of the Subic Water & Sewerage and write-back of impairment upon disposal of Biowater Technology, net profit for H1 2021 would be S$252 million, representing a 94 per cent gain year on year.
ASCENDAS Real Estate Investment Trust has proposed the acquisition of the Philips Asean Pacific (APAC) Centre from Philips Electronics Singapore for S$104.8 million.
A-Reit’s manager said on Thursday (Aug 4) that the proposed deal is “well-aligned” with the Reit’s strategic intention, and will strengthen both its portfolio and customer base. The manager is also targeting to attain a Building and Construction Authority (BCA) Green Mark GoldPlus certification for the property after the completion of the proposed acquisition.
FRASERS Logistics & Commercial Trust recorded 173,087 square metres (sq m) of leasing across its portfolio in Q3 ended June, the real estate investment trust’s (Reit) manager said in a Friday (Aug 5) business update.
Amid this “healthy leasing momentum”, FLCT maintained 100 per cent for its logistics and industrial (L&I) portfolio, with no expiries in Q4, it added. The commercial portfolio recorded a 91.3 per cent occupancy rate, with 0.9 per cent of income expiring in Q4. Overall occupancy came in at 96.5 per cent.
MAINBOARD-LISTED telco StarHub on Thursday (Aug 4) posted a 10.3 per cent drop in net profit to S$60.9 million for its half year ended Jun 30, 2022, from S$67.9 million a year ago.
This was despite higher revenue for the half year, which rose 8.7 per cent to S$1.1 billion from S$973.7 million a year ago, the group said in a regulatory filing.