Company Briefs: Datapulse Technology

Datapulse Technology

Datapulse, a solutions provider for CD, DVD and Blu Ray discs, posted a second-quarter net loss of $580,000, compared with a net profit of $71,000 a year earlier.

Revenue for the three months to Jan 31 fell 21.5 per cent to $4.8 million, due to weak demand for media storage products and services, and cards products and services in the quarter.

Loss per share was 0.26 cent for the quarter, compared with earnings per share of 0.04 cent a year earlier.

Net asset value was 22.65 cents as at Jan 31, up from 21.75 cents as at July 31 last year.


OCBC Bank

OCBC has priced A$300 million of senior floating rate notes due in 2020 under its US$10 million Global Medium Term Note programme.

The notes will be issued by OCBC Bank, acting through its Sydney branch, and are expected to be repo eligible by the Reserve Bank of Australia, it said.

The net proceeds from the issue of the notes will be used for the general corporate purposes of OCBC Bank.

The notes will bear interest at the three-month Bank Bill Swap reference rate plus 1.2 per cent a year.

They are expected to be rated Aa1 by Moody's Investors Service, AA- by Standard & Poor's Ratings Services and AA- by Fitch Ratings.

They are expected to be issued on March 17.


Sysma Holdings

The construction firm posted a 68.6 per cent drop in net profit to $499,000 for the six months to Jan 31.

Although revenue for the half year rose 17.6 per cent to $68 million, the cost of sales was higher than a year back.

The growth in revenue was due to its core construction and property development business, and came even with the absence of revenue contribution from its former energy business, which it exited in July last year.

The group had a construction order book of about $115 million on Jan 31. On the property front, its development projects 28 RC Suites and 8M Residences are substantially sold. It is working hard to push sales for Charlton 18, it said.

Earnings per share for the six months was 0.19 cent, down from 0.61 cent previously.

Net asset value was 15.89 cents at Jan 31, down from 16.14 cents at July 31.

A version of this article appeared in the print edition of The Straits Times on March 11, 2016, with the headline 'CompanyBriefs'. Print Edition | Subscribe