Company briefs: Yeo Hiap Seng

Yeo Hiap Seng

Food and beverage maker Yeo Hiap Seng's net profit for the second quarter dropped 22.8 per cent to $4 million, compared with $5.19 million the previous year. This was mainly due to lower dividend income from available-for-sale financial assets of $1.8 million.

Revenue for the three months ended June 30 increased 4.7 per cent to $116.93 million.

Earnings per share for the second quarter was 0.7 cent, down from 0.9 cent in the same quarter last year. Net asset value per share was 107.56 cents as at June 30, down from 109.15 cents as at Dec 31 last year.

Yeo Hiap Seng's share price closed at $1.45 yesterday, down two cents or 1.69 per cent.

Chuan Hup Holdings

Chuan Hup Holdings reported its net profit surged 103.4 per cent to US$36.7 million (S$51.3 million), due to property sales and one-off gains on disposal of interests in an associated company and a leasehold property last year.

Revenue for the year ended June 30 increased 14.6 per cent to US$232.2 million compared with last year.

The company, which has investments in marine services and property, declared a final dividend of one Singapore cent a share and a special dividend of two Singapore cents a share. Earnings per share for the year was 3.93 US cents, up from 1.93 US cents a year ago.

The counter closed 1.45 per cent higher at 35 Singapore cents yesterday.

Tat Hong Holdings

Crane operator Tat Hong's net profit for the first quarter plunged 53 per cent to $2.8 million compared to the same period last year.

Revenue for the three months ended June 30 decreased by 15 per cent to $139.3 million, due to the disposal of a crane rental subsidiary and a weaker Australian dollar.

Weakness in the Asean and Australian markets for its crane rental business will continue to adversely affect the company's performance. The tower crane rental business, however, is expected to grow steadily on the back of ongoing projects and new opportunities in China, the company said in a statement yesterday.

Earnings per share for the quarter was 0.44 cent, down from 0.95 cent the previous year.

The counter closed 0.95 per cent lower at 52 cents yesterday.

A version of this article appeared in the print edition of The Straits Times on August 15, 2015, with the headline 'CompanyBriefs'. Print Edition | Subscribe