THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 30):
The manager of ESR-LOGOS REIT, on Aug 29, announced the proposed acquisition of 100% of the trust beneficiary interest in ESR Sakura distribution centre for a purchase consideration of approximately $183.5 million, inclusive of rental support.
The distribution centre is a five-storey modern logistics asset located in Sakura City, Chiba Prefecture, Tokyo. The transaction is expected to be accretive to the REIT’s distribution per unit (DPU) of up to 2.9%, with funding already secured.
PROPERTY developer GuocoLand on Tuesday (Aug 30) posted a 122 per cent rise in net profit for the six months ended Jun 30, 2022.
Although revenue was down 4 per cent to S$512.8 million, the group narrowed its cost of sales to S$287.3 million, bringing its gross profit for the half-year period to S$225.5 million, which was 30 per cent higher than the year-ago period.
CATALIST-LISTED developer Hatten Land swung into the black for the fourth quarter ended June 30 with a net profit of RM26.45 million (S$8.22 million), versus a loss of RM90.81 million a year ago.
ENTERPRISE technology, software and services company Silverlake Axis (SAL) reported a 30 per cent year-on-year increase in profit-after-tax to RM47.9 million (S$14.9 million) for the fourth quarter ended June 30, 2022, in line with higher revenue.
Revenue increased 16 per cent to RM205.2 million thanks to higher contributions from project related revenue segments as well as a resurgence in insurance ecosystem transactions and services.
Dual-listed construction and engineering services provider Civmec Limited has reported earnings of A$50.8 million ($48.8 million) for the FY2022 ended June, 46.0% higher than FY2021’s earnings of A$34.8 million. The higher earnings were attributable to the higher revenue and lower finance costs.
Earnings per share (EPS) for the period stood at 10.11 Australian cents, up from the 6.94 Australian cents in the FY2021.