Company Briefs: Vibrant Group

Vibrant Group

Logistics firm Vibrant Group reported yesterday that first-quarter net profit rose 10.3 per cent to $7.5 million.

Revenue for the three months to July 31 inched down 4.9 per cent to $48.1 million due to a fall in turnover from the freight and logistics business and provision for financial services.

Quarterly earnings per share was 0.29 cents, up from 0.27 cents a year earlier, while net asset value share was 14.62 cents as at July 31, up from 14.28 cents as at April 30.

IPCO International

Investment holding firm IPCO International's first-quarter net profit inched up 3.5 per cent cent to $1.4 million. Turnover rose 41.3 per cent to $13.5 million for the three months to July 31, it reported yesterday.

The firm, which has been linked to companies involved in 2013's penny stock crash, said the improved turnover was due to its subsidiaries.

ESA Electronics, which operates in the semiconductor industry, for instance, recorded a 76.7 per cent increase in first-quarter turnover to $7 million compared with a year ago.

This was mainly due to higher demand for burn-in boards by semiconductor manufacturers in the current quarter.

Quarterly earnings per share was 0.03 cents, the same as a year ago, while net asset value per share was two cents as at July 31, unchanged from April 30.

Keppel Corporation

Local rigbuilder Keppel Corporation has been listed as a component of the Dow Jones Sustainability Indices Asia Pacific Index for the third consecutive year, it said yesterday.

The index tracks the performance of the top 20 per cent of the 600 largest Asia Pacific companies that lead in sustainability.

The company is also included as a constituent of the MSCI Global Sustainability Index and the Euronext Vigeo World 120 Index.

A version of this article appeared in the print edition of The Straits Times on September 11, 2015, with the headline 'Company Briefs: Vibrant Group'. Print Edition | Subscribe