Oil and gas engineering services provider Dyna-Mac has won a $12 million contract from a new customer, a Singapore-based multinational corporation.
The contract for the client's Singapore project requires modular units, and Dyna-Mac will also supply and install structural steel and carry out electrical and instrument works, among other services.
The company said the project's modular units are scheduled to be delivered progressively, with the last unit to be delivered by May next year.
On completion, the modular units will be transported to the project site in Singapore.
Tan Chong International
Motor company Tan Chong International announced that net profit for the six months to June 30 rose 12.5 per cent to HK$172.3 million (S$31.2 million).
Revenue for the period shot up 80 per cent to HK$7.2 billion.
Earnings per share for the period was 8.6 HK cents, up from 7.6 HK cents a year earlier, while net asset per share was HK$6.11 as at June 30, up from HK$6.09 as at Dec 31 last year.
The firm declared an interim dividend of 2.5 HK cents.
Eu Yan Sang International
Traditional Chinese medicine giant Eu Yan Sang International reported a net loss of $3.6 million for the fourth quarter, compared with a net profit of $1.61 million a year earlier.
Revenue for the three months to June 30 fell 15 per cent to $72.3 million.
Net profit for the 12 months to June 30 plunged 70 per cent to $4.6 million, as full-year revenue slid 4 per cent to $350.4 million.
Quarterly loss per share was 0.8 cent, compared with earnings per share of 0.36 cent a year ago, while net asset value per share was 35.8 cents as at June 30, slightly up from 35.4 cents a year ago.
A first and final dividend of 0.5 cent a share has been declared.