Company briefs: Keppel

Keppel

Keppel Data Centres Holding, a joint venture between Keppel T&T and Keppel Land, yesterday announced that Chinese phone maker Huawei has set up its newest cognitive data centre reference site here.

It added that the site highlights technologies which aim for "a virtualised and energy- efficient data centre management system".

This will help firms lower operating and maintenance costs while increasing operational efficiency, it said in a statement.

The two firms also signed a memorandum of understanding to possibly study data centre efficiency and sustainability in areas such as green technology.

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Chemical Industries (Far East)

Industrial chemical supplier Chemical Industries (Far East) reported that full-year net profit slumped 30.2 per cent to $8.9 million.

Revenue slid 25.8 per cent to $58.1 million for the 12 months ended March 31, compared with the same period last year, as some customers had stopped doing business with the firm.

It said in a statement: "Market conditions have become more competitive and challenging. If competitive pressure persists, revenue and profitability may be affected."

Full-year earnings per share was 11.67 cents, compared with 16.73 cents a year earlier, while net asset value per share was $1.34 as at March 31, compared with $1.42 as at March 31 last year.

It declared a final dividend of three cents per share.


Boustead Projects

Real estate solutions provider Boustead Projects yesterday reported that fourth-quarter net profit soared 165 per cent to $14.3 million, partly owing to the sale of its stake in TripleOne Somerset.

Turnover fell 35 per cent to $38.5 million for the three months to March 31, as the design-and-build and leasing businesses contributed less.

Full-year net profit rose 58 per cent to $36.1 million, while revenue dipped 11 per cent to $228.3 million.

Quarterly earnings per share was 4.5 cents, compared with 1.7 cents a year earlier, while net asset value per share was 71.7 cents as at March 31 , compared with 60.6 cents a year earlier.

It proposed an inaugural ordinary dividend of 1.5 cents per share and a special dividend of one cent per share.

A version of this article appeared in the print edition of The Straits Times on May 23, 2017, with the headline 'Company Briefs'. Print Edition | Subscribe