Company briefs: KSH Holdings

KSH Holdings

Construction firm and developer KSH Holdings reported a 47.6 per cent rise in full-year net profit to $61.5 million for the 12 months to March 31.

Full-year revenue dipped 0.3 per cent to $245.5 million, compared with the same period a year earlier. Full-year earnings per share was 13.72 cents, up from 9.18 cents a year earlier, while net asset value per share was 65.44 cents as at March 31, up from 55.79 cents a year ago.

KSH Holdings proposed a final dividend of 1.5 cents a share and a special dividend of 0.5 cent a share.


Sembcorp Marine

Sembcorp Marine, which provides offshore and marine engineering solutions, has delivered a high-specification jack-up rig to Maersk Highlander UK.

The rig is for heavy-duty offshore drilling and can operate in depths of up to 400 feet and drill to 30,000 feet deep.

Sembcorp Marine said the rig's construction started in September 2014, and it was completed on schedule with "an excellent safety record of zero near-misses and reportable cases".


Singapore Shipping Corporation

Full-year net profit at Singapore Shipping Corporation increased 7.8 per cent to US$9.6 million (S$13.3 million).

Revenue for the 12 months to March 31 rose 29.4 per cent to US$44.9 million, compared with the same period a year earlier.

This was on the back of strong performance from the ship owning segment following the delivery of three vessels.

It was partly offset by weaker performances in agency and logistics segment, owing to lesser business activities or margin pressures.

The firm said it performed well, "with stable recurring income from its long-term charters", and expects expects earnings from the ship owning segment to remain stable.

It also expects next year to be profitable.

The firm also said: "Given its strong cash position, the group will selectively evaluate further acquisition opportunities which may present itself from the ongoing market turmoil."

Full-year earnings per share was 2.2 US cents, up from 2 US cents a year ago, while net asset value per share was 16.3 US cents as at March 31, up from 15.2 US cents as at March 31 last year. It proposed a final dividend of one cent a share.

A version of this article appeared in the print edition of The Straits Times on May 31, 2016, with the headline 'Company Briefs'. Print Edition | Subscribe