Hotel Grand Central
Hotel Grand Central has posted a third-quarter net profit of $3.5 million, reversing a $404,000 net loss from the same period a year earlier, owing mainly to a higher unrealised foreign exchange loss recorded in the third quarter last year. Revenue in the three months ended Sept 30 slid 8 per cent to $33.5 million.
Third-quarter earnings per share stood at 0.55 cent, up from a loss of 0.07 cent a year ago. Net asset value per share as at Sept 30 was $1.34, down from $1.39 as at Dec 31 last year.
Plastic parts manufacturer Sunningdale Tech posted a third-quarter net profit of $15.9 million, a big jump from $3.6 million in the same quarter last year, lifted mainly by a $49.1 million revenue contribution from First Engineering, which it acquired last November.
Higher revenues from all segments, except healthcare, drove the group topline up 46.5 per cent to $176.5 million in three months ended Sept 30.
Earnings per share stood at 8.56 cents, up from two cents a year ago. Net asset value per share was $1.75 as at Sept 30, up from $1.65 as at Dec 31 last year.
Food company QAF has posted a third-quarter net profit of $10.5 million, up 30 per cent from the same period a year earlier, thanks mainly to higher prices and more sales from its bakery operations in Singapore, Malaysia, the Philippines and Australia.
Revenue in the three months ended Sept 30 slid 5 per cent to $243 million. Earnings per share stood at 1.9 cents, up from 1.5 cents a year earlier. Net asset value per share was 72.2 cents as at Sept 30, down from 74.7 cents as at Dec 31 last year.
Group executive chairman and chief executive Derek Goh Bak Heng has been requested by the Monetary Authority of Singapore to assist in investigations in his personal capacity concerning the Securities and Futures Act, Chapter 289 of Singapore.
Serial System said that it is itself not the subject matter of the investigation and Dr Goh's role in the company will continue as normal.
A spokesman for the company said that no further information on the nature of the investigation could be disclosed as at last night.