FY16 results

SINGAPORE (Feb 28): Midas Holdings announced a 76.3% increase in FY16 earnings of RMB100.8 million ($20.5 million) from RMB57.2 million a year ago.

SINGAPORE (Feb 28): Thakral Corporation reported a 93% fall in FY16 earnings to $0.4 million compared to earnings of $6.1 million in FY15 which was boosted by an unrealised valuation gain of $9.9 million mainly from its warehouse properties in Hong Kong.

SINGAPORE (Feb 28): Olam International reported 4Q earnings of $102.2 million, compared to a loss of $269.4 million last year on improved operational performance and lower exceptional losses.

SINGAPORE (Feb 28): GS Holdings, the centralised commercial dishware washing company, reported FY16 losses narrowed to $1.9 million from $2.2 million a year ago on higher cost of sales.

SINGAPORE (Feb 27): Hotel Properties recorded a 27% rise in FY16 earnings to $103.5 million from a year ago.

SINGAPORE (Feb 27): United Engineers reported FY16 earnings from discontinued operations of $113.2 million, which included $123 million in divestment gains mainly from disposal of its technology and environmental engineering businesses.

SINGAPORE (Feb 27): Noble Group, the beleaguered commodities trader, reported net profit of US$8.7 million ($12.2 million) in FY16 compared to a loss of US$1.67 billion in FY15 as it restructured its business operations.

SINGAPORE (Feb 27): Innovalues reported earnings of $7.8 million for the fourth quarter ended Dec 31, a 61.7% increase from the same quarter a year ago on higher revenue.

SINGAPORE (Feb 27): Advancer Global posted a near 40% drop in earnings to $2.7 million for FY2016 from a year ago, as the company incurred higher costs following its listing last year.

SINGAPORE (Feb 27): Heatec Jietong Holdings managed to double its earning for FY16 to $810,000 from a year ago even though revenue was down by 9% to $30.2 million.