Company Briefs: Amara Holdings; BreadTalk Group; Rotary Engineering

Amara Holdings

Hotel owner Amara Holdings has posted a 159 per cent rise in net profit to $37.1 million.

Revenue for the year to Dec 31 eased by 1 per cent to $81.3 million, mainly due to lower contribution from the property investment and development segment.

Earnings per share rose to 6.44 cents from 2.49 cents previously, while net asset value per share climbed by 4.82 cents to 65.04 cents.

The firm proposed final payouts totalling three cents a share, up from one cent last year.

BreadTalk Group

BreadTalk Group said its net profit rose by 50.4 per cent to $11.4 million, despite a 1.5 per cent fall in revenue to $615 million.

A small drop in bakery revenue was mainly attributed to weakness in the China franchise business, but mitigated by strong performance of its direct operated stores in Singapore, as well as its international franchise business.

Food Atrium revenue declined 8.2 per cent to $158.9 million while the restaurant division delivered 4.9 per cent revenue growth to $150.2 million.

Earnings per share swelled to 4.07 cents from 2.7 cents previously, while net asset value per share added two cents to 54 cents.

The directors have recommended a final dividend of two cents per share, up from one cent last year.

Rotary Engineering

Rotary Engineering's full-year net profit plunged by 73 per cent to $11.4 million on the back of a 29 per cent drop in revenue to $233.9 million, as the group reached completion on major projects.

Its order book was replenished with the securing of smaller, single discipline projects from an expanded customer base, and stood at $152.6 million, excluding maintenance services contracts.

Gross profit margin was maintained at 24 per cent.

Earnings per share slipped to two cents from 7.5 cents, while net asset value per share shrank to 28.3 cents from 50.9 cents.

Looking ahead, Rotary noted that despite indications of a recovery in the oil price, the environment for the group's liquid storage terminal business remains challenging due to continued global economic and financial uncertainties.

A final dividend of half a cent per share was proposed, down from 1.5 cents last year.

A version of this article appeared in the print edition of The Straits Times on February 23, 2017, with the headline 'Company Briefs'. Print Edition | Subscribe