The following companies saw new developments that may affect trading of their securities on Thursday (Mar 2):
Chinese electric vehicle (EV) maker Nio posted a net loss of just over 5.8 billion yuan (S$1.1 billion) for the fourth quarter of 2022, more than double its loss of about 2.2 billion yuan in the corresponding prior-year period.
The company’s losses had also widened on a quarter-on-quarter basis, from 4.1 billion yuan in Q3 2022.
With this, Nio’s losses for the full year have grown to 14.6 billion yuan from 10.6 billion yuan in 2021, the company said in a filing to the Singapore Exchange on Wednesday (Mar 1).
Property developer OUE Limited reported earnings of S$101.2 million for the second half of 2022, close to double that of its net profit of S$50.9 million in the corresponding prior-year period.
The stronger bottomline showing was due chiefly to higher revenue, which rose to S$292.4 million from S$148.8 million.
The board of directors has proposed a final cash dividend of S$0.015 per share, up from the final dividend of S$0.01 per share in 2021. The dividend, if approved by shareholders at the annual general meeting on Apr 25, will be paid out on May 31.
Agribusiness giant Japfa on Wednesday (Mar 1) posted a net loss of US$35.9 million for the second half of 2022, a reversal from net profit of US$0.3 million in the corresponding period for 2021.
Earnings for the full year came in at US$8.2 million, down from US$118.8 million in 2021. The group said its margins were impacted by high raw material costs combined with limited increases in average selling prices (ASPs) across all the businesses in its PT Japfa Tbk and Animal Protein Other (APO) segments.
Revenue for H2 was up 3 per cent to about US$2.2 billion from US$2.1 billion, while full-year revenue rose 7 per cent to US$4.4 billion.
Valuemax Group on Wednesday (Mar 1) reported earnings of S$19.2 million for the second half of 2022 ended December, down 16.8 per cent from the net profit of S$23.1 million in the corresponding period in 2021.
Revenue for the period was down 7.1 per cent at S$133.6 million from S$143.9 million.
Topline contributions from the group’s retail and trading of jewellery and gold business declined by S$17.3 million during H2.
Oil exploration and production company Rex International on Wednesday (Mar 1) posted a net loss of US$5.8 million for the second half of 2022, versus a net profit of US$43.2 million in the corresponding period in 2021.
Revenue for the period from the sale of crude oil was down 14 per cent to US$70.8 million from US$82.7 million,
The group has proposed a final dividend of S$0.005 per share, unchanged from the final dividend in 2021. Rex International is targeting to pay out the dividend in May, assuming shareholders approve the dividend payout at the company’s upcoming annual general meeting that will be convened on or before Apr 30.