Company briefs :BreadTalk Group

BreadTalk Group

Second-quarter net profit at food and beverage group BreadTalk plunged 54.8 per cent to $1.3 million, as sales dipped 3.3 per cent to $149.8 million. This came on the back of declines in the bakery division as well as food atrium revenue.

Bakery division revenue slid 2 per cent in the six months to June 30 to $150.7 million, mainly because of weaker franchise revenue from the China franchise business, mitigated by a stronger performance of its direct-operated stores and international franchise business.

Food atrium revenue declined 5 per cent over the same period to $80.2 million, due to weaker traffic in some shopping malls in China. This was offset by healthy same-store sales growth in Singapore, and recovering sales in Hong Kong and Guangzhou.

Quarterly earnings per share was 0.46 cent, from 1.02 cents in the same period a year earlier. Net asset value per share was 52.4 cents as at June 30 compared with 52 cents as at Dec 31 last year.

k1 Ventures

Full-year net profit at investment firm k1 Ventures, which is 36 per cent held by Keppel Corporation, was $140.6 million - a more than five-fold increase from a year ago.

This was due mostly to investment income from Knowledge Universe Holdings (KUH), a holding company that has various interests in education-related ventures.

Group revenue was $195.1 million for the year ended June 30 compared with $60.6 million in the prior year. This was driven by investment income from KUH of $174.9 million, attributable mainly to the sale of its United States and international childcare operations.

Earnings per share was 32.45 cents for the full year, up from 5.76 cents the preceding year. Net asset value per share was 48 cents as at June 30, from 49 cents on the same date a year earlier.

Sunpower Group

Strong growth in its engineering, procurement and construction integrated solutions segment helped lift second-quarter net profit at heat transfer technology firm Sunpower Group.

Net profit for the three months ended June 30 surged 166.7 per cent over the same period a year earlier to 40.5 million yuan (S$8.19 million), while revenue rose 12.7 per cent to 392.6 million yuan.

Earnings per share for the quarter was 5.48 fen, up from 3.84 fen in the same period a year ago. Net asset value per share was 139.39 fen as at June 30, from 131.78 fen as at Dec 31 last year.

A version of this article appeared in the print edition of The Straits Times on August 04, 2016, with the headline 'Company briefs'. Print Edition | Subscribe