THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 15):
Sembcorp Marine (Sembmarine): It posted a net order book of S$7.1 billion as at Sep 30, of which S$6.7 billion are new contracts acquired year to date. Despite acquiring new orders and completing key projects, the group said on Tuesday that earnings will not offset “residual” Covid-19-related costs such as higher labour expenses. It expects losses for H2 FY2022 to be similar to that of H1. Shares of Sembmarine finished 0.8 per cent or S$0.001 lower at S$0.133 on Monday.
Golden Agri: Golden Agri-Resources has posted record ebitda of US$1.34 billion ($1.84 billion) for 9M2022, 62% higher y-o-y. Net profit for the period, meanwhile, reached US$726 million, up 88% y-o-y.
For 3QFY2022 ended September, the company posted ebitda of US$532 million, up 75% y-o-y. Net profit for the period, meanwhile, grew 148% y-o-y to US$285 million.
Revenue for the quarter grew 9% y-o-y to US$3.08 billion, while revenue for 9M2022 grew 18% y-o-y to US$8.57 billion. In a Nov 14 press release, the company says this was primarily due to higher palm oil prices partly offset by lower sales volume. Crude palm oil (CPO) market prices for the nine months increased by 23% from the same period last year, averaging US$1,368 per tonne.
ComfortDelGro: ComfortDelGro has reported 32.9% higher profit after tax and minority interests (patmi) y-o-y to $34.3 million for 3QFY2022 ended September.
Operating profit excluding non-recurring items and government relief, meanwhile, grew 170.7% y-o-y to $33.8 million. This is mainly due to improving economic activity in Singapore after Covid-19 restrictions were relaxed, says the transport operator in a business update on Nov 14.
Revenue grew 10.1% y-o-y to $969.5 million for the quarter, while operating costs grew in tandem by 10.5% y-o-y to $77.6 million.
Bumitama: INDONESIAN palm oil producerBumitama Agri : P8Z 0%saw its net profit for the first nine months of 2022 surge to 2.8 trillion rupiah (S$247.4 million), more than double its net profit of 1.1 trillion rupiah in the corresponding year-ago period.
Revenue recorded for the group’s nine months reached 12.6 trillion rupiah, up 48 per cent from the 8.5 trillion rupiah it recorded the year before. The rise in revenue was mainly attributable to the higher selling price of crude palm oil (CPO), which accounted for 86 per cent of total sales within the period, the group said in a quarterly performance update.
Silverlake Axis: Silverlake Axis posted a 64 per cent increase in profit after tax for its first quarter ended Sep 30, 2022 to RM57.6 million (S$17.3 million), up from RM35.2 million the year before.
Earnings per share stood at RM0.0228 for the period, up from RM0.0132 a year ago.
Revenue for the quarter rose by 23 per cent year-on-year to RM188 million, from RM152.3 million the previous year. This was due to growth in software licensing, hardware sale, insurance ecosystem transactions and services, and retail transactions processing, the group said in a business update.