Company Briefs: CWT

CWT

Full-year net profit fell 32 per cent to $73.6 million, Logistics firm CWT reported .

Revenue slipped 7 per cent to $9.25 billion for the 12 months to Dec 31.

The firm's warehousing logistics grew in revenue and profit. The commodity sector remained weak so trading volumes fell, dragging down revenue.

Earnings per share for the year was 12.25 cents, from 18.14 cents a year earlier, while net asset value was 145.6 cents as at Dec 31, from 139.8 cents as at Dec 31, 2015.

A final dividend of three cents a share was proposed, the same as a year earlier.


Venture Corporation

Contract manufacturing services provider Venture Corporation said fourth-quarter net profit rose 20.6 per cent to $54 million.

Revenue climbed 23.1 per cent to $854.6 million for the three months to Dec 31, thanks to new product and programme introductions by customers, as well as revenue growth from customers in recent years.

Quarterly earnings per share for the quarter came in at 19.5 cents, from 16.2 cents previously, while net asset value per share was $7.031 as at Dec 31, from $6.847 as at Dec 31, 2015. A final dividend of 50 cents a share was proposed, the same as the year before.


Sinarmas Land

Indonesia developer Sinarmas Land returned to the black in the fourth quarter.

Net profit was $46.5 million for the three months to Dec 31, reversing from a net loss of $7.8 million in the same period a year earlier. Revenue rose 33.4 per cent to $329.8 million.

Quarterly earnings per share was 1.09 cents from a net loss of 0.23 cent previously, while net asset value per share was 47 cents as at Dec 31, compared with 41 cents a year earlier.

A final dividend of 0.19 cent a share was proposed, the same as a year earlier.

A version of this article appeared in the print edition of The Straits Times on February 25, 2017, with the headline 'Company Briefs'. Print Edition | Subscribe