Company Briefs: Hyflux

Hyflux

Water-treatment firm Hyflux's full-year net profit slumped 91 per cent to $4.8 million from a year earlier.

Revenue was $987 million for the 12 months to Dec 31, up on the $445.2 million in 2015, mainly owing to contributions from the TuasOne Waste-to-Energy project and Qurayyat Independent Water Project in Oman.

The Qurayyat project, a seawater reverse osmosis desalination plant, is Hyflux's second desalination project in Oman.

Loss per share for the year was 7.51 cents, from earnings of 0.35 cent a year ago. Net asset value was 45.1 cents as at Dec 31, down from 55.7 cents as at Dec 31, 2015.

It has proposed a final dividend of 0.25 cent per share, compared with one cent in the previous year.


China Aviation Oil

Physical jet fuel trader China Aviation Oil (Singapore) Corporation said its fourth-quarter net profit soared 57 per cent to US$17.9 million (S$25.3 million), owing to rising gross profit and higher share of results from associates.

Revenue surged 65.2 per cent to US$3.3 billion on the back of higher trading volumes.

Quarterly earnings per share was 2.08 US cents, from 1.33 US cents previously, while net asset value per share was 75.53 US cents as at Dec 31, compared with 68.9 US cents as at Dec 31, 2015.

A final dividend of 4.5 cents was proposed, compared with three cents a year ago.


Sheng Siong Group

Supermarket operator Sheng Siong Group reported its fourth-quarter net profit increased 5.3 per cent to $15.4 million owing to higher revenue and gross margin, but that was partly offset by higher operating expenses.

Revenue increased 5.3 per cent to $197 million for the three months to Dec 31.

Quarterly earnings per share was 1.02 cents from 0.97 cent previously. Net asset value per share was 16.76 cents as at Dec 31, from 16.24 cents as at Dec 31, 2015.

It proposed a final dividend of 1.85 cents, compared with 1.75 cents a year earlier.

A version of this article appeared in the print edition of The Straits Times on February 24, 2017, with the headline 'Company Briefs'. Print Edition | Subscribe