Company Briefs: Stamford Land Corporation

Stamford Land Corporation

Hotel owner and developer Stamford Land Corporation posted a fourth-quarter net profit of $8.9 million, reversing a $5 million net loss a year earlier.

Revenue soared from $60.5 million to $166 million for the three months to March 31, on the back of the stronger Australian dollar.

The firm also benefited from the sale of completed apartments in Macquarie Park Village.

Full-year net profit rose 54 per cent to $34.6 million, while turnover grew 38.9 per cent to $314.7 million.

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Quarterly earnings per share was 1.03 cents, compared with a loss per share of 0.58 cent a year earlier. Net asset value per share was 57 cents as at March 31, compared with 52 cents a year earlier.

A final dividend of one cent per share was proposed.


The Hour Glass

Luxury-watch retailer The Hour Glass said that full-year net profit dipped 7 per cent to $48.7 million, compared with a year ago.

Revenue dipped 2 per cent to $696 million for the 12 months to March 31, "amid (a) challenging economic backdrop, sluggish consumer sentiment and intensified competition", said The Hour Glass yesterday.

Quarterly earnings per share was 6.91 cents, compared with 7.42 cents a year earlier, while net asset value per share was 68 cents as at March 31, compared with 62 cents as at March 31 last year.

A final dividend of two cents was proposed.


Neo Group

Food and restaurant firm Neo Group's fourth-quarter net profit soared 181.1 per cent to $2.7 million, compared with the same period a year ago.

Revenue grew 34.9 per cent to $48 million for the three months to March 31, as sales for several businesses, including food catering and food retail, rose.

Full-year net profit slipped 46.2 per cent to $3.3 million, on the back of a one-off loss on selling a property, while turnover rose 29.2 per cent to $162 million.

Yearly earnings per share was 2.24 cents, compared with 4.18 cents a year ago, while net asset value per share was 22.73 cents as at March 31, up from 20.97 cents a year earlier.

A final dividend of one cent a share was proposed.

A version of this article appeared in the print edition of The Straits Times on May 26, 2017, with the headline 'Company Briefs'. Print Edition | Subscribe