as better property sales and one-off disposal gains offset a weaker hotel segment, the company announced on Wednesday evening. Earnings per share rose to 0.67 Singapore cent for the three months ended Dec 31, 2018, from 0.49 cent a year ago. The company is declaring a final cash dividend of 1.05 Singapore cent per share for the year. Banyan Tree shares closed at 59.5 Singapore cents on Wednesday before the results were announced.after the close of the voluntary conditional general offer.
and is in discussions about fundraising options, including a rights issue exercise, to obtain additional funding for working capital needs. It added that the firm will also borrow money if needed. The company also said it believes its licence business with Monster Inc will possibly lead to more product types and brands to the market in the future. It noted that the company is in a negative equity position of HK$0.89 million and has negative working capital of HK$1.
from a net loss of S$2.7 million in the previous year, the group said in a Singapore Exchange filing on Wednesday. This was largely due to higher cost of sales for S$5.3 million incurred following the grant of arbitration award from an arbitration by its subsidiary against a sub-contractor. The amount goes to paying the sub-contractor, damages previously deemed receivable and interest, prolongation cost and legal fees. Soilbuild closed unchanged on Wednesday at S$0.101.
for Jardine Cycle & Carriage in its full financial year. Underlying net profit rose 12 per cent to US$858 million from the year-ago period. For the 12 months ended Dec 31, revenue increased 9.5 per cent to US$18.99 billion from the year-ago period. Jardine C&C shares closed S$0.21 or 0.6 per cent higher at S$36.63 on Wednesday.
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Stocks to watch: Sheng Siong, Procurri, Propnex, JEP, Bumitama Agri, UE, ISEC HealthcareTHE following companies saw new developments that may affect trading of their shares on Tuesday: Read more at The Business Times.
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