Company Briefs: Midas Holdings

Midas Holdings

Chinese railway firm Midas Holdings said its unit Jilin Midas Aluminium Industries has won three contracts worth 66.7 million yuan (S$14.7 million).

Under the first contract, worth 31.1 million yuan, Jilin Midas will supply aluminium alloy extrusion profiles and fabricated parts for high-speed trains.

The second contract, worth 10.5 million yuan, will see the unit supply aluminium alloy extrusion profiles for the Downtown Line here.

Both contracts are from Changchun Railway Vehicles.

The third contract, worth 25.1 million yuan, is from the group's associated company Nanjing SR Puzhen Rail Transport, for the Nanjing Metro Ninghe Intercity Line.

Jilin Midas will supply aluminium alloy extrusion profiles and fabricated parts for metro trains.

800 Super Holdings

Environmental services provider 800 Super Holdings reported a 95.9 per cent jump in full-year earnings to $17.6 million yesterday.

Revenue for the 12 months ended June 30 increased 22 per cent to $140.3 million. The revenue increase was mainly due to projects that were awarded again with revised pricing and new contracts.

Earnings per share for the year was 9.82 cents, up from 5.01 cents a year earlier, while net asset value per share was 32.03 cents as at June 30, up from 23.24 cents a year earlier.

800 Super proposed a final dividend of two cents per share, up from one cent per share year ago.

Hai Leck Holdings

Engineering firm Hai Leck Holdings' fourth-quarter net profit fell 32.5 per cent to $4.4 million.

Revenue for the three months ended June 30 rose 6.2 per cent to $35.1 million and was affected by oil prices.

For the full year, net profit fell 37.9 per cent to $10.8 million on the back of an 8.7 per cent dip in revenue to $119.4 million.

Quarterly earnings per share fell to 1.1 cents from 1.6 cents previously while net asset value per share was 28.8 cents as at June 30, down from 30.1 cents a year earlier.

Spackman Entertainment Group

South Korean film production company Spackman Entertainment Group said its associated company Spackman Media Group (SMG) has appointed KGI Capital Asia to handle a proposed listing on the Hong Kong Stock Exchange.

SMG has entered an agreement to appoint KGI Capital Asia as the sole global coordinator, sole sponsor, bookrunner and lead manager of the proposed listing of SMG or its affiliates. SMG is now appointing the relevant professionals needed for the proposed listing. This is subject to clearance from regulators in Singapore and Hong Kong.

A version of this article appeared in the print edition of The Straits Times on August 25, 2015, with the headline 'Company Briefs: Midas Holdings'. Print Edition | Subscribe