Tag Archives: Singapore Real Estate

SingLand, UIC turn in Q2, H1 losses

Posted on 8 Aug 2009 | Comments Off

In terms of operations, both achieve year-on-year increases in profits

OFFICE landlord Singapore Land (SingLand) and its parent United Industrial Corp (UIC) yesterday reported net losses for the second quarter as well as the first six months of this year due to fair-value losses from revaluations of investment properties.

UIC posted a $251.8 million net loss for Q2 ended June 30, 2009 after it booked a fair-value loss of $526.1 million on investment properties held by subsidiary companies.

SingLand’s $344.7 million net loss for Q2 was on the back of a $492 million revaluation loss on investment Continue reading →

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Posted in Developers

Tagged Developers, Singapore Property Market, Singapore Real Estate

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 →