1Q20 results

Private healthcare operator IHH Healthcare reported a net loss of RM319.8 million ($103.8 million) for 1Q20, from the RM89.5 million profit a year ago.

First Resources has reported an 80.9% surge y-o-y in its 1Q20 earnings (or net profit) to US$22.2 million (S$31.4 million) from the US$12.3 million in 1Q19.

As businesses look towards cutting costs, Cromwell European Real Estate Investment Trust (CEREIT) has interestingly bucked this trend with a positive rent reversion of some 12.1% for 1Q20 ended March.

Analysts believe Genting Singapore’s 2Q20 results are likely to fare worse than its 1Q20 results.

While the numbers are looking up, Centurion has flagged concerns of rising operating costs amid the Covid-19 pandemic.

Total outlet sales for 1Q20 fell 55.7% to RMB 534.5 million (S$106.8 million), due to the operational disruptions and temporary closures arising from the Covid-19 pandemic.

Revenue edged up 2% to US$1.66 billion due to higher average selling prices.

Venture Corporation posted earnings of $60.3 million for the 1Q2020 ended March, some 33.6% lower than $90.9 million a year ago.

Bowsprit Capital Corporation, the manager of First Real Estate Investment Trust (First REIT), has reported a distribution per unit (DPU) of 1.86 cents for the 1Q2020 ended March, down 13.5% y-o-y, as the REIT’s unit base has grown bigger.

Sunningdale Tech, the precision plastic manufacturer, reported 1Q2020 earnings of $2.4 million, up 205.3%.