Company Briefs: Haw Par Corporation

Haw Par Corporation

Leisure and healthcare group Haw Par has chalked up a 26.8 per cent rise in first-quarter earnings to $17.1 million, with higher contribution from healthcare and investments.

Revenue for the three months to March 31 was up 14.9 per cent at $52.3 million, mainly from healthcare contributions.

Revenue from healthcare business rose by 17.8 per cent to $45.5 million due to continued growth in sales from key markets. The leisure division reported a 9.6 per cent decrease in revenue due to lower yield from the mix of visitors.

Earnings per share climbed to 7.8 cents from 6.1 cents previously while net asset value per share eased to $11.17 compared to $11.57 as at Dec 31.


NSL

Industrial group NSL has posted a net profit of $8.1 million in the first quarter, nearly quadruple a restated net profit of $2.2 million in the same period a year earlier.

Revenue in the three months ended March 31 was $108.4 million, up 9 per cent year on year, on higher contributions from the precast and prefabricated bathroom unit division.

However, revenue from the environmental services unit fell as a result of the oil price rout.

First-quarter earnings per share was 2.17 cents, from a restated 0.6 cent a year ago.

Net asset value per share was $1.52 as at March 31, down from $1.50 as at Dec 31.


United Engineers

First-quarter earnings at United Engineers slumped by 72 per cent to $6.9 million on the back of a 35 per cent drop in revenue to $333.6 million.

The fall in revenue was mainly due to lower revenue recognition from condominium project, Eight Riversuites, which has sold 98 per cent of the total units, as well as lower revenue contribution from Multi-Fineline Electronix.

Other income dived by 91 per cent to $1 million from $11.2 million in the same period last year, mainly due to the absence of divestment and disposal gains.

Earnings per share for the three months to March 31 fell to 1.1 cents from 3.9 cents previously while net asset value per share inched down to $2.94 from $2.97 as at Dec 31.

A version of this article appeared in the print edition of The Straits Times on May 12, 2016, with the headline 'Company Briefs'. Print Edition | Subscribe