China Minzhong Food Corp
Chinese vegetable processor China Minzhong Food Corp posted a 54.6 per cent slump in third-quarter net profit to 49.1 million yuan.
Revenue for the three months to March 31 dipped 7.1 per cent to 451.4 million yuan, compared with the same period a year ago on the back of lower sales from its branded business segment.
Quarterly earnings per share was 0.07 yuan, down from 0.16 yuan in the same period a year ago.
Net asset value stood at 8.21 yuan as at March 31, up from 7.98 yuan as at June 30 last year.
Plastic parts manufacturer Sunningdale Tech posted a 49.3 per cent slump in its first-quarter net profit to $3.6 million.
Revenue for the three months to March 31 inched up 4.4 per cent to $161.3 million, compared with the same period a year earlier. This was on the back of organic growth, with more orders from current customers and projects.
Quarterly earnings per share was 1.92 cents, down from 3.8 cents a year ago.
Net asset value per share was $1.77 as at March 31, unchanged as at Dec 31 last year.
Sing Investments & Finance
Sing Investments & Finance's first-quarter net profit dipped 3.6 per cent to $2.5 million.
Net interest income and hiring charges rose 13.4 per cent to $9.1 million for the three months to March 31, compared with the same period a year earlier.
Interest income and hiring charges grew 34 per cent, driven by higher loan volume, partly offset by interest expense soaring 63.7 per cent, from a higher deposit base and rates.
Annualised earnings per share fell to 6.35 cents from 6.59 cents previously while net asset value per share inched up to $2.06 as at March 31, compared with $1.98 as at Dec 31.