Company Briefs: Sim Lian Group

Sim Lian Group

Sim Lian Group posted a net profit of $16.4 million for the third quarter, down 82 per cent from a year earlier, as the group's property development arm contributed only $3.9 million in revenue, a drop of 99 per cent.

Total turnover in the three months to March 31 was $163.3 million, a fall of 74 per cent from a year ago, as a 220 per cent rise in construction revenues to $146 million failed to offset the plunge in property development takings.

Third-quarter earnings per share was 1.63 cents, down from 8.96 cents a year ago. Net asset value per share was $1.14 as at March 31, down from $1.16 as at June 30 last year.


Sinarmas Land

Sinarmas Land recorded a net profit of $15.7 million in the first quarter, down 80.3 per cent from a year earlier.

Revenue in the three months to March 31 dived 37 per cent to $179.9 million, due mainly to lower sales of land for commercial and industrial purposes in Indonesia and fewer residential units handed over to buyers in BSD City. Earnings per share was 0.37 cent, down from 2.62 cents a year ago, while net asset value per share was 41 cents as at March 31 this year, the same as at Dec 31 last year.


UOB Kay Hian

Brokerage UOB Kay Hian's first-quarter net profit fell 21.5 per cent to $14.5 million from a year earlier due to poor share-market sentiment at the start of the year.

Commission income in the three months to March 31 fell 8.8 per cent to $50.7 million. Interest income dropped 11.8 per cent from a year earlier to $20.2 million.

Other operating revenue slid 44.4 per cent to $6.3 million, on lower corporate finance activities.

Earnings per share was 1.83 cents, down from 2.4 cents a year earlier, with net asset value per share at 169.14 cents as at March 31 this year, down from 169.69 cents as at Dec 31 last year.

A version of this article appeared in the print edition of The Straits Times on May 14, 2016, with the headline 'CompanyBriefs'. Print Edition | Subscribe