Company Briefs: Ascendas Reit

Ascendas Reit

At Ascendas Reit, the amount available for distribution fell 0.2 per cent to $89.1 million in the fourth quarter, although it rose 7.7 per cent to $378.3 million for the year to March 31.

Distribution per unit for the fourth quarter fell 8.1 per cent year on year to 3.41 cents mainly due to performance fees, although that for the full year rose 5.2 per cent to 15.357 cents.

Revenue for the quarter rose 17.4 per cent to $204 million due to contributions from the acquisition of The Kendall, the Australian portfolio - 27 logistics properties in the country which it acquired during the year - and ONE@Changi City; higher occupancy at some properties and contributions from completed asset enhancements.

Revenue for the year rose 13 per cent to $761 million.

Net asset value per unit was 206 cents at March 31, down from 208 cents a year earlier.


CWT

Net profit at CWT fell 19 per cent to $23.7 million for the first quarter, owing largely to withholding taxes paid for foreign dividends received during the period.

Revenue for the three months to March 31 fell 14 per cent to $1.87 billion, owing to lower commodity trading volume, notably in naphtha, and a significant drop in general commodity prices.

Earnings per share was 3.95 cents, down from 4.87 cents a year earlier, while net asset value was 132.9 cents at March 31, down from 139.8 cents as at Dec 31, last year.


Roxy-Pacific Holdings

Net profit at Roxy Pacific Holdings fell 79 per cent to $9.9 million for the first quarter, as revenue fell 48 per cent to $103 million.

This was mainly from a decrease in revenue from the property development segment, partly offset by an increase in revenue from the hotel ownership and property investment segments.

Revenue from the property development segment, which made up 86 per cent of the group's turnover in the quarter, fell 52 per cent to $88.3 million.

Revenue from the hotel ownership segment, which contributed 11 per cent to the group's turnover, rose 7 per cent to $11.7 million.

Earnings per share was 0.83 cents for the period, down from 3.89 cents a year earlier.

Net asset value per share was 39.37 cents at March 31, up from 38.34 cents at Dec 31.

A version of this article appeared in the print edition of The Straits Times on May 06, 2016, with the headline 'CompanyBriefs'. Print Edition | Subscribe