FY20 results

MeGroup posts 10.3% drop in FY20 earnings despite higher revenue

Strong demand to drive growth in Boustead Singapore

SATS, the gateway services and food solutions provider, reported a net loss of $6.3 million in 4Q20, compared to the earnings of $49.9 million reported in 4Q19.

CSC Holdings, the engineering solutions provider, reported a net profit, or earnings or $1.7 million in 4Q19/20, a turnaround from its $6.9 million loss the year before.

Valuetronics Holdings, the provider of electronics manufacturing services (EMS), announced a 10.3% y-o-y decline in FY20 earnings to HK$178.9 million (S$32.5 million) from HK$199.5 million.

Analysts are remaining positive on Singapore Telecommunications (Singtel) despite the company’s results announcement yesterday, which recorded its lowest final year earnings since 1993 and a slash in dividends.

Revenue for the full year increased by 120.1% y-o-y to RMB643.9 million attributable to the larger control of more residential units of Pan Hong Run Yuan Phase 2, compared to a year ago.

Concert promotion and event production group UnUsUaL reported a 52.3% drop in net profit to $6.3 million for FY20 ended March 31, from $13.2 million a year ago.

Stamford Land posts 47.7% fall in FY20 earnings to $25 mil

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