Tag Archives: Developers

F&N Q3 profit rises 11.7% to $123.2m

Posted on 8 Aug 2009 | Comments Off

Revenue up 12.3%; Asia Pacific Breweries posts 39% increase in earnings to $51.9m

FRASER and Neave (F&N) posted a net profit – after fair-value adjustments and exceptional items – of $123.2 million for the third quarter ended June 30, 2009, 11.7 per cent higher year on year.

Excluding fair-value adjustments and exceptional items, net profit was 2.1 per cent higher at $118 million.

Revenue rose 12.3 per cent to $1.35 billion on the back of stronger contributions from most of its business segments.

Earnings per share were 8.9 cents (after fair-value adjustments and exceptional items) for Q3, versus Continue reading →

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Posted in Developers

Tagged Developers, Singapore Real Estate

MCL Land Q2 profit soars to US$36.7m

Posted on 7 Aug 2009 | Comments Off

H1 results boosted mainly by sales proceeds from The Fernhill, Tierra Vue

HONG KONG Land subsidiary MCL Land yesterday posted group net earnings of US$36.7 million for the second quarter ended June 30, 2009, up from a US$3.2 million net profit in the same period last year. Revenue rose from US$353,000 in Q2 2008 to US$135.8 million in Q2 this year.

Q2 earnings per share were 9.92 US cents, against 0.86 US cent a year ago.

Net earnings for the six months ended June 2009 were US$38.1 million, up from US$8.2 million in the same year-ago period. Revenue rose from US$718,000 in H1 last year to US$144.1 million in H1 2009, due mainly to recognition Continue reading →