Company Briefs: CapitaLand

CapitaLand

CapitaLand has burnished its green credentials even further.

The firm cut its carbon emissions intensity by 26.2 per cent and reduced its water intensity by 21.8 per cent, compared with levels in 2008 - exceeding the group's 2020 reduction targets of 23 and 20 per cent respectively, it said yesterday.

In its eighth Global Sustainability Report, the group also said it has avoided incurring $108 million in utilities cost since 2009. This arose from an 18.8 per cent reduction in energy consumption as well as a 21.8 per cent drop in water consumed.

It has also diverted 4,700 tonnes of recyclable waste from landfills, and installed over 80 electric vehicle charging stations in its properties worldwide.

Fischer Tech

Full-year earnings at Fischer Tech stayed relatively flat, edging up just 0.5 per cent to $13 million. This was on the back of a 5.2 per cent drop in revenue to $178.1 million for the 12 months ended March 31.

Earnings per share slid to 23.49 cents from 23.73 cents previously. Net asset value per share stood at 196.69 cents as at March 31, up on the 184.09 cents a year earlier.

The firm has declared a final dividend of three cents per share, along with a special cash dividend of three cents.

Tat Hong Holdings

Crane rental company Tat Hong Holdings saw losses shrink to $29.2 million in the fourth quarter, compared with a net loss of $39.8 million in the same period a year ago.

But revenue still fell 13 per cent to $110.2 million. Turnover from the crane rental segment, for example, sank 32 per cent on the back of lower utilisation rates primarily in Australia and Singapore due to the completion of projects, downward pressure on rental rates and the closure of the specialised transport business in Australia from April 2016, said the company.

Loss per share for the quarter was 4.24 cents, lower than the 6.31 cents loss previously. Net asset value per share stood at 78 cents as at March 31, down from the restated 93 cents a year before.

A version of this article appeared in the print edition of The Straits Times on May 31, 2017, with the headline 'Company Briefs'. Print Edition | Subscribe