Company Briefs: Eu Yan Sang

Eu Yan Sang

Eu Yan Sang reported a net loss of $150,000 for its first quarter ended Sept 30, reversing from a net profit of $737,000 a year ago. Group revenue for the quarter fell 9 per cent to $75.2 million. The firm faced decreased spending from parallel traders and mainland Chinese visitors in Hong Kong owing to travel restrictions imposed by the mainland.

Loss per share was 0.03 cent compared with earnings per share of 0.17 cent previously. Net asset value was 36.8 cents, up from 35.8 cents as at June 30.

OUE Hospitality Trust

Distributable income for OUE Hospitality Trust rose 5.8 per cent to $23 million in the third quarter from the same period a year ago, owing to higher takings in the hospitality segment.

Net property income rose 13.5 per cent to $28.8 million for the three months ended Sept 30, driven by higher master lease income from the Mandarin Orchard Singapore and Crowne Plaza Changi Airport hotels.

Gross revenue rose 14.6 per cent to $32.7 million. Distribution per stapled security was 1.72 cents, up 4.9 per cent from a year earlier.

Thai Beverage Public Company

Net profit surged 115 per cent to eight billion baht (S$317 million) in the third quarter from a year earlier, owing mainly to a gain from Fraser & Neave's sale of its stake in Myanmar Brewery in August.

ThaiBev's revenue was up 3.4 per cent at 36.47 billion baht, as higher sales of spirits, beer and non-alcoholic drinks offset slower sales in the food business.

Earnings per share stood at 0.32 baht, more than double the 0.15 baht a year ago. Net asset value per share was 4.33 baht as at Sept 30, up from 4.03 baht as at Dec 31 last year.

Yoma Strategic Holdings

Yoma Strategic Holdings has reported a net profit of just $298,000, down 97.2 per cent from the previous year.

Revenue fell 51.7 per cent to $19.9 million for the three months ended Sept 30, due mainly to the absence of $25.2 million recognised last year from the sale of land development rights.

Earnings per share was 0.02 cent, down from 0.83 cent a year earlier, while net asset value per share was 37.04 cents as at Sept 30, down from 38.26 cents as at March 31.

A version of this article appeared in the print edition of The Straits Times on November 13, 2015, with the headline 'CompanyBriefs'. Print Edition | Subscribe