FY16 results

SINGAPORE (Aug 29): GL Limited, known formerly as GuocoLeisure, posted a 41% rise in earnings to US$67.6 million ($92 million) compared to a year ago, lifted by lower finance costs, income tax expense and administrative expense.

SINGAPORE (Aug 29): AusGroup, the provider of integrated service solutions to the energy, industrial and mining sectors across Australia and South East Asia, posted a loss of A$193.2 million ($198.8 million) for FY16. This compares to a profit of A$6.2 mi

SINGAPORE (Aug 29): Hup Steel saw FY16 losses widen by 140% to $19.1 million from $7.9 million a year ago due to fierce competition and weak market demand that led the group to further write down affected stock items to net realisable value and increase p

SINGAPORE (Aug 29): Tan Chong International posted earnings of HK$119 million ($20.9 million) for 1H16, a 30.9% decrease from the earnings of HK$172.3 million in 1H15.

SINGAPORE (Aug 25): Karin Technology, the Hong Kong-based electronic and industrial components and IT solutions distributor, posted FY16 earnings of HK$13.7 million ($2.4 million), down 78.3% lower from a year ago.

SINGAPORE (Aug 24): ISOTeam, the Repairs and Redecoration (R&R) and Addition and Alteration (A&A) specialist for existing buildings, saw earnings and revenue hit new records for the 12 months ended June (FY16).

SINGAPORE (Aug 18): AV Jennings, the Australian-based residential property developer, posted a 19% increase in FY16 earnings to A$40.9 million ($42 million).

SINGAPORE (July 28): DBS Vickers Securities is keeping its “hold” call on Singapore Exchange (SGX) with a higher target price of $7.80 from $7.70 previously.

SINGAPORE (July 27): Lian Beng Group saw a 4.7% drop in FY16 earnings to $102.9 million from $108 million a year ago.