Company Briefs: Keppel Corp

Keppel Corp

Keppel Offshore & Marine (Keppel O&M), through its wholly-owned subsidiary Keppel Singmarine, has won a $103 million contract to build two liquefied natural gas (LNG) carrier vessels for Stolt-Nielsen Gas, a subsidiary of Stolt-Nielsen Limited.

The LNG carriers are expected to be completed in the second and third quarters of 2019 respectively.

As part of the contract, Keppel Singmarine has also secured options to build another three similar units for Stolt-Nielsen Gas.

Stolt-Nielsen Gas can exercise each of these options at six, 12 and 18 months from the effective date of the contract.

Yoma Strategic Holdings

Yoma Strategic Holdings' fourth-quarter net profit surged 108 per cent to $30.2 million from the same period a year earlier.

Revenue in the three months ended March 31 was $53.8 million, up 17.6 per cent year on year on growth in the automotive and heavy equipment segment.

For the full year ended March 31, Yoma reported a net profit of $42.6 million, 3.2 per cent lower than in the previous year. This translates into earnings per share of 2.07 cents, down from 2.15 cents a year earlier.

The board has proposed a first and final cash dividend of 0.25 cent per ordinary share.

Net asset value per share as at March 31 was 38.22 cents, down from 38.59 cents a year earlier.

SIA Engineering Company

SIA Engineering Company has set up a wholly-owned subsidiary in Japan.

The Japan subsidiary will provide line maintenance services at airports in Japan on receipt of relevant approvals from the authorities.

It will commence operations at Kansai International Airport, one of Japan's largest and busiest airports.

The company intends to widen its service offerings and expand its presence to other airports in Japan at a later stage.

This latest addition will expand the group's current line maintenance network to 37 airports in eight markets: Australia, Hong Kong, Indonesia, Japan, the Philippines, Singapore, the United States and Vietnam.

Collectively, the line maintenance network handles over 900 flights daily for more than 70 airlines.

A version of this article appeared in the print edition of The Straits Times on May 25, 2017, with the headline 'Company Briefs'. Print Edition | Subscribe