Company briefs: SIA Engineering

SIA Engineering

SIA Engineering has posted a fourth-quarter net profit of $41.4 million, unchanged from the same period a year earlier.

Revenue for the three months to March 31 rose 6.6 per cent to $294.2 million, with contributions from all business units, and in particular from higher line maintenance and fleet management revenues.

Expenditure rose 5.5 per cent to $266.7 million, with an increase in material costs and an exchange loss of $8.2 million compared with a $1.6 million exchange gain in the corresponding quarter last year.

Fourth-quarter earnings per share was 3.69 cents, unchanged from a year ago. Net asset value per share was 132.4 cents as at March 31, up from 118.1 cents as at March 31 last year.

SIA Engineering has proposed a final dividend of 8 cents per share to be paid on Aug 12, down from 8.5 cents per share last year.


OUE Commercial Reit

OUE Commercial Reit has posted a first-quarter distribution per unit (DPU) of 1.32 cents, up 33.3 per cent from a restated DPU of 0.99 cent in the same period last year.

Total income available for distribution rose 35.1 per cent from a year earlier to $17 million, on contributions from One Raffles Place, which was acquired in October last year.

Net property income in the three months to March 31 was $33.3 million, up 111.7 per cent from a year earlier. Gross revenue was $42.9 million, up 110.2 per cent.


CSE Global

CSE Gobal has posted a 27.5 per cent fall in net profit to $5.5 million in the first quarter, due to the downturn in the oil and gas sector.

Revenue in the three months to March 31 was $84.2 million, down 16.5 per cent from a year earlier, due to lower takings from the Asia-Pacific and the Americas regions.

First-quarter earnings per share was 1.07 cents, down from 1.47 cents a year ago.

Net asset value per share was 46.24 cents as at March 31, down from 46.82 cents as at Dec 31.

The technology group received orders from greenfield and brownfield projects worth $74.9 million in the first quarter. As at March 31, its order book stood at $179.6 million.

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